Ireland
Irish central bank steps up macro-pru communication
Central Bank of Ireland finalises restrictions on mortgage lending; measures feature some relief for first-time buyers following consultation process
Honohan: EU-IMF programme a qualified success
Following conclusion of programme Central Bank of Ireland governor says it did 'what it said on the tin' by restoring market confidence and stabilising the economy
Irish research finds macro-pru tools have ‘greater impact’ on first-time buyers
Economic letter published by Central Bank of Ireland explores impact of loan-to-value and loan-to-income ratios on different groups within residential property market
Central Bank of Ireland urges households to spend 2.5bn copper coins on Christmas shopping
Bank warns local shops are running out of coins as people consign them to ‘jars and piggy banks'; says small change ‘better being spent or given to charity'
Irish government looks to lift restrictions on central bank disclosure
New bill will, if passed, allow staff at the Central Bank of Ireland to reveal certain confidential information to parliamentary committees
Central Bank of Ireland plans staff increase
Governor Patrick Honohan says creation of SSM and new international regulations create ‘more work’ for the central bank; staff will increase by roughly 100 in 2015
ECB publishes letters between Trichet and Irish government
Letters relate to the period leading up to Ireland’s decision to enter an EU/IMF programme; ECB threatened to withhold access to ELA unless Ireland sought a bailout
Central Bank of Ireland proposes lending restrictions
Irish central bank proposes three ‘speed limits’ on banks’ mortgage lending, as it looks to create a ‘stable and well-functioning’ market
Irish economists estimate property debt overhang on SMEs
Central Bank of Ireland researchers find a minimum of 20% of SMEs have direct exposures to property debt, which makes them more likely to default
Ireland names new chief economist
Gabriel Fagan leaves ECB to join Central Bank of Ireland; succeeds Lars Frisell, who now lectures in the IMF Africa Training Institute in Mauritius
Parliamentary committee questions Central Bank of Ireland transparency
Committee will examine whether confidentiality provisions in central bank legislation mean information on financial misconduct is withheld from the public
Irish central bank will ‘change structurally’ before SSM
Cyril Roux says the Central Bank of Ireland will make organisational changes in the coming months as it looks to accommodate the Single Supervisory Mechanism
Irish inflation is domestically determined, central bank economists find
Paper by Central Bank of Ireland deputy governor Gerlach and colleagues challenges traditional view that Irish inflation dynamics are determined abroad
IMF says Irish government should bolster central bank independence
International Monetary Fund report encourages the government to cede power over the central bank; authorities ‘disappointed’ by findings
Irish deputy calls for legislative review as SSM nears
Central Bank of Ireland deputy governor Cyril Roux wants to review the country’s legislation to ensure there are no conflicts with the new SSM regulation
Ireland’s Murphy marshals industry in support of harmonised regulation
Director of markets supervision laments ‘insufficient trans-Atlantic dialogue’ and tells asset managers who want better global harmonisation of financial regulation to make their voices heard
Robert Pringle's Viewpoint: The eurozone’s unfinished business
Economic adjustment and financial sector reform must go hand in hand – with the ECB due to play a central role
SSM offers best chance of successful regulation, says Cyril Roux
Irish regulator-in-chief says supervisory authorities suffer from in-built weaknesses that the SSM may go some way to overcoming
Central Bank of Ireland head supervisor quits
Fiona Muldoon resigns as director of credit institutions and insurance supervision, forcing the central bank to replace three senior staff members in quick succession
Central Bank of Ireland staff face longer working hours
The central bank is in negotiations with a workers’ union over government proposals that would impose 37-hour working weeks on the majority of staff; tribunal makes final recommendations
Irish governor backs domestic and export banking separation
Patrick Honohan says that, by keeping the export and domestic banking sectors separate in small countries, authorities can avoid having to put a cap on the size of banks’ balance sheets
Irish central bank to track 'hostile' social media comments
The Central Bank of Ireland is looking for an online platform that will keep tabs on the general public’s social media conversations and flag up consumer complaints
Central Bank of Ireland research scrutinises credit and house price links
Researchers anatomise Ireland’s painful housing boom and bust, highlighting importance of the 'income fraction' channel in creating sharp movements in mortgage credit supply
EC's Pearson urges US and European regulators to ‘talk the same language'
European Commission's financial markets head tells US and European regulators to find common ground on the technical details of their reform programmes; Cyril Roux backs greater cooperation