Pat Farrell,  chief executive of the IBF from mid-2004 to June 2013, said there was  a recognition that the business models of the Irish activities of international banks operating here were “either flawed or could not be maintained as they sought to preserve capital and liquidity, and reduce costs”. File photograph: Eric Luke/The Irish Times

Former head of the Irish Banking Federation Pat Farrell lobbied the then government to have German bank Depfa included in the State’s blanket bank gua(...)

Matthew Elderfield: warned that progress since 2010 in the independence and assertiveness of the supervisory model “could easily be eroded”.  Photograph: Dara Mac Dónaill/The Irish Times

The former head of financial regulation in Ireland has told the Oireachtas banking inquiry the State needs to do more to tackle white-collar crime t(...)

The Oireachtas Banking Inquiry has called former Taoiseach Brian Cowen to give evidence to the committee. Photograph: Alan Betson

The Oireachtas Banking Inquiry has called former Taoiseach Brian Cowen to give evidence to the committee as part of the next phase of its hearings.Mr (...)

Quinn Insurance, established by former billionaire businessman Sean Quinn, was put into administration in 2010

Catalina Ireland is to acquire Quinn Insurance’s portfolio of UK and European legacy liabilities, it confirmed on Wednesday.Catalina, which is a subsi(...)

Former secretary general of the Department of Finance John Moran said a balance sheet for the domestic banking sector effectively ‘didn’t exist’ in 2010. Photograph: Alan Betson/The Irish Times

There was effectively no balance sheet available to give an overview of the Irish domestic banking sector as late as 2010, the former secretary genera(...)

Davy is set to appoint a senior Central Bank executive as its new chief risk officer

Ireland’s biggest stockbroker Davy is set to appoint a senior Central Bank executive as its new chief risk officer. Grellan O’Kelly, deputy head of (...)

Mr Brady is the latest prominent figure to leave the Central Bank of the team assembled to guide Ireland out of the financial crisis. Photograph: Brenda Fitzsimons/THE IRISH TIMES

Patrick Brady, the director of risk and policy at the Central Bank of Ireland, has resigned in the latest senior exit from the bank. The Central Ba(...)

Mission accomplished?

The imminent departure of John Moran as secretary general of the Department of Finance is the second early resignation from a key position in the publ(...)

Guilty as charged, but in mitigation of their crime Judge Martin Nolan found the two former Anglo Irish Bank directors, Pat Whelan and Willie McAteer,(...)

Central Bank governor Patrick Honohan  declined to comment on whether he thought the Central Bank might face civil litigation arising from its role in the Anglo share buying scheme

The Governor of the Central Bank of Ireland, Patrick Honohan, said the regulator’s role in the illegal share-buying scheme devised in 2008 to unwind S(...)