Ireland
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
Central Bank of Ireland urges continued austerity despite slowdown
Any scaling back of fiscal adjustment runs risk of unwinding positive effects of €28 billion consolidation effort ‘for the sake of small short-term fiscal easing', bank argues in quarterly bulletin
Ireland economists construct new business-cycle indicator
Economic letter published by Central Bank of Ireland presents an indicator to provide policy-makers with ‘real-time’ signals; index has declined in recent months as domestic demand remains weak
Irish households exhibit ‘relatively large' wealth effect from housing
Housing wealth effect particularly strong for Irish households in negative equity, central bank researchers find
Irish central bank appoints top French supervisor as deputy governor
Cyril Roux, previously second-in-command at the French prudential supervisory authority, will join the Central Bank of Ireland as deputy governor with responsibility for financial regulation
Central Bank of Ireland director says it will take ‘some time' to get out of crisis
Fiona Muldoon adds the task now is putting together a business model for Ireland that ‘expands on parts of the economy not built on buying and selling houses to each other at ever inflated prices'
Irish central bank waives €5 million penalty but faces legal action of its own
Central Bank of Ireland hands failed insurance company a reprieve ‘in public interest’; now being taken to court by family of the company’s former owner
Eurozone core ‘regain net influence’ over bond markets, finds Irish paper
Technical paper examines spillovers in the eurozone’s sovereign debt markets; finds the impact of stressed countries on the wider region has diminished
Central Bank of Ireland stresses importance of long-term bank profitability
Irish macro-financial review highlights need for banks to support the real economy with credit at sustainable rates; increases in bank profitability also necessary for long-term sustainability
Irish plan for distressed borrowers attracts criticism
Central Bank of Ireland encourages cooperation between lenders of secured and unsecured debt to keep distressed borrowers from bankruptcy; Irish League of Credit Unions denounces scheme
Central Bank of Ireland annual report sees assets drop and profits rise
Recovery in Irish economy in 2012 led to lower reliance on US dollar liquidity and continued increase in central bank profits; governor urges continued commitment from external stakeholders
Ireland chases €1bn saving with payments overhaul
Central bank launches new initiative to curb high cash and cheque use and boost electronic payments; proposals include possibility of scrapping one and two cent coins
Irish central bank puts 'embarrassing' error on new Joyce coin
Erroneous quote from James Joyce novel could make the collectors' coin even more valuable
Payment pricing preventing electronic migration in Ireland
Article in central bank’s quarterly bulletin finds Ireland could save €1 billion by switching from cheques to a more efficient payment instrument
Contribution of Irish financial sector to GDP ‘overstated’
Paper questions the statistical methodology behind claim that Irish financial sector contributes €15 billion to country’s output
Irish paper finds more spending could help government’s ‘precarious’ finances
Central Bank of Ireland research technical paper suggests country’s close sovereign-bank link means government spending to reduce mortgage arrears will have a greater effect than previously thought
Lagarde sets out case for ECB rate cut and wider use of OMT
IMF managing director says ECB has room to cut rates and a European recovery is constrained by a lack of demand; suggests OMT programme could help countries ‘regain market access'