New draft rules for credit unions aimed at helping prevent their collapse  Photograph: Alan Betson/The Irish Times

Regulations are designed to tighten controls and safeguard against a crash

The portfolio of about 4,000 Irish non-performing residential home loans obtained from Llloyds  had a face value of €1.1 billion. Photograph: Andrew Winning/Reuters

Loans were acquired from Lloyds and was previously managed by Certus

Chairman Ciarán Lynch said: “We are at the beginning of a process, not the end. While significantly preparatory work has been carried out by the committee and the secretariat over the past few months, we recognise that there is a huge volume of work ahead of us. But we are ready for that work and the challenges that come with it.”

Committee now has powers to compel written and oral evidence

Patrick Honohan said the Central Bank of Ireland’s plan to introduce new rules around mortgage lending might miss the original January 1st timeframe. Photo: Dara Mac Donaill/The Irish Times

Honohan says concerns about a new property bubble were not the “driver” behind new proposals

Fianna Fáil finance spokesman Michael McGrath: described situation in relation to central credit register as “completely unacceptable”. Photograph: Alan Betson

Opinion: register will not be fully operational until 2017

IMHO co-founder and director David Hall: “We will tell people how much commission is being offered by each bank”. Photograph:  Collins

IMHO, which campaigned against banks, to seek go-ahead to become mortgage broker

Conor O’Kelly: eligible to participate in “non-pensionable, discretionary, performance-related pay arrangement” as NTMA chief executive. Photograph: Frank Miller

Conor O’Kelly to get salary of €480,000 and be eligible for bonus

Latest accounts for Covestone Asset Management Ltd show its accumulated losses since it was set up in 2010 amounted to €702,359.

Asset-management company made loss of €91,000 last year

Ulster Bank staff were informed of the bank’s plans on Friday and informed that no other branches would close in 2015.

Some 47 jobs are affected but bank says it plans no more closures in 2015

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