Ed Sibley

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About 22,000 houses and apartments will be built this year and 27,000 in 2022, according to Banking and Payments Federation Ireland estimates. Photograph: Chris Ratcliffe/Bloomberg

For Stefan Gerlach, the Swedish-Swiss former Central Bank of Ireland deputy governor, the big problem in the Irish residential property market is as (...)

Central Bank deputy governor Ed Sibley this week disclosed that a quarter of all those in long-term arrears on their mortgage payments are in their 60s or older. Photograph: Getty Images/iStockphoto

Ireland’s mortgage arrears problem is not going away. If anything, it is becoming more acute – especially for an older cohort of distressed borrowers.(...)

Brian Hayes, chief executive of the Banking and Payments Federation Ireland. Photograph: Alan Betson / The Irish Times

The departure of KBC Group from the Irish market, fresh on the heels of Ulster Bank, raises “fundamental questions” about the banking sector here and (...)

The Central Bank statement comes in the wake of a scandal relating to a bond deal undertaken by 16 executives at stockbroker Davy. File photograph: The Irish Times

Financial regulation in Ireland “requires further strengthening”, especially when it comes to pursuing individuals, the Central Bank of Ireland will t(...)

The Davy Group at Davy House on Dawson Street, Dublin. Photograph: Gareth Chaney/Collins

Davy needs to “very promptly” address concerns surrounding the fact that former senior executives involved in a controversial bond trade remain major (...)

The Central Bank has issued a warning to businesses.

Businesses that use services of UK-based financial services providers are advised to contact them to confirm whether they have obtained all necessary (...)

More SMEs say they have been loss-making than profitable since Covid-19 hit. Photograph: iStock

At what point do “warning signs” become the thing you look back on after everything has gone wrong? This question might well be high in the top minds (...)

Derville Rowland, the Central Bank’s director general of financial conduct. Photograph: Nick Bradshaw

The Central Bank has written to the chief executives of lenders in the Irish market asking them to address “warning signs” apparent in their handling (...)

MEP Frances Fitzgerald: “Banks must be accommodative and proactive to people’s needs and ability to make repayments.” Photograph: Brian Lawless/PA

The European Banking Authority (EBA) may need to look again soon at reintroducing guidelines for blanket loan payment breaks if the economy deteriorat(...)

Financial Services Union  said it would be ‘seeking a freeze’ on any plans to reduce employee numbers at this time. File photograph: Bloomberg

The Financial Services Union (FSU) has written to banking chiefs to press them on how they plan to staff bad-loans units amid an expected surge in arr(...)

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