The latest European Commission surveillance report has warned that the effectiveness of the new mortgage controls introduced by the Central Bank could be adversely affected if  Government proceeds with a mortgage insurance scheme. Photograph by Matt Kavanagh/The Irish Times

The European Commission has warned that the effectiveness of the new mortgage controls introduced by the Central Bank could be adversely affected if t(...)

Under new regulations from the Central Bank, banks must only lend 80 per cent of the value of the property value to owner-occupiers. File Photograph: Tim Ireland/PA Wire

What are the key changes? The main new rule is that banks must only lend 80 per cent of the value of the property value to owner-occupiers. So in gene(...)

Enda Kenny declined to say if the Government would now relax the wage cap. Photograph: Bloomberg

Taoiseach Enda Kenny said Government-imposed banker pay caps are a “constraint,” as the chief executive of state-owned AIB prepares to leave for a (...)

Patrick Honohan, governor of the Central Bank, arriving at the Dáil for the Oireachtas banking inquiry. Photograph: Alan Betson

Regulators should have taken a less deferential approach to the banking industry, the governor of the Central Bank has said.In his opening statement t(...)

Patrick Honohan speaking before the Oireachtas Banking Inquiry 2:04

Anglo Irish Bank should have been allowed to fail in September 2008, Central Bank governor Patrick Honohan has said. Speaking at the Oireachtas Bankin(...)

William Prior, chief executive  of the Phoenix Project: “I went into houses over Christmas giving hampers donated to us . . . the houses were freezing, people were trying to pay their mortgages.”  Photograph: Brenda Fitzsimons.

More than 6,400 new proceedings were initiated to repossess properties at Circuit Courts in 11 months last year, according to figures supplied by the(...)

The €15 silver-proof coin will go on sale on January 14th in a limited edition of 6,000

A €15 silver-proof coin commemorating the great Irish scientist, Ernest Walton, has been announced by the Central Bank. The bank will present one of t(...)

 Finnish academic and finance expert Peter Nyberg, arriving at the opening of the Banking Inquiry, at Leinster House yesterday. Photograph: Eric Luke

It is unlikely that anything “really exciting and new” will emerge from the inquiry into the banking crisis, banking expert Peter Nyberg has said.Add(...)

The Central Bank in Dublin. It wants to introduce its new rules on January 1st

Ulster Bank has told the Central Bank that borrowers should be required to have a deposit of just 10 per cent if looking for a mortgage of up to €5(...)


John Purcell (left) with Michael Fingletion and Michael Walsh at an Irish Nationwide Building Society
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The Central Bank has failed to stop a former director of Irish Nationwide Building Society pursuing various claims against it, including of neglige(...)