Mr Sibley

47 results

Central Bank: ‘Pronounced gender imbalance’ at board level of financial firms. Photograph: Alan Betson / The Irish Times

A lack of progress eradicating the gender imbalance at senior levels of the financial services sector is “disappointing” and much more needs to be don(...)

PTSB had been widely speculated as a potential merger partner for Ulster Bank in the Republic over the past decade. Photograph: Alan Betson

Permanent TSB (PTSB) has retained investment bank Morgan Stanley to advise on a potential bid for Ulster Bank’s small- to medium-sized business (SME) (...)

Central Bank deputy governor Ed Sibley said it was ‘unacceptable’ that these problems existed almost 10 years after the Oireachtas passed the law, designed to safeguard consumers and the Republic’s financial system.

Some banks and insurers are not alerting regulators to issues that could affect senior employees’ fitness to hold key positions in their organisations(...)

Elke Koenig, chair of the EU’s Single Resolution Board, has said non-performing loans could start coming through next year as the effects of Covid-19 payment holidays and government supports wane. Photograph: Fredrik von Erichsen/AFP/Getty Images

Irish banks are well prepared to deal with a spike in non-performing loans next year when the effect of payment breaks wear off, according to analysts(...)

Central Bank deputy governor Ed Sibley: ‘We do not know what the immediate and longer-lasting effects will be on consumer behaviour.’ Photograph: Nick Bradshaw

The Covid-19 pandemic has put small businesses under considerable financial strain relative to larger companies, with the shock to their turnover crea(...)

Brian Hayes of the Banking and Payments Federation: ‘A wide range of solutions are being made available by lenders at this time and are being worked through with borrowers.’ Photograph: Alan Betson / The Irish Times

Struggling borrowers will be best served securing “individually tailored” easing of terms of their loans as the Republic faces into tighter Covid-19 r(...)

Central Bank deputy governor, prudential regulation, Ed Sibley: ‘Everyone is experiencing the pandemic in a different way.’ Photograph: Nick Bradshaw

Insurance companies must have “a degree of ambition” in their plans to improve diversity and inclusion at senior levels, otherwise they will be asked (...)

Ed Sibley’s report found women represented just over a third of those in the highest pay quartile in the insurance sector. Photograph Nick Bradshaw

Top insurance companies operating in the State nominated women for just 21 per cent of senior positions between 2012 and 2018, even though their wider(...)

  Central Bank deputy governor Ed Sibley expects a “minority” of banks’ customers will need forbearance arrangements once payment breaks expire. File photograph: Nick Bradshaw

Ireland’s main retail banks will need to book “significantly more” provisions this year relating to the Covid-19 financial impact on their borrowers, (...)

“What they are saying is that they are going to pull back on the amounts they are willing to lend and asking borrowers to come up with more money,” said Karl Deeter of Irish Mortgage Brokers.  Photograph: iStock

People who have provisionally reached mortgage deals with banks since the start of the year could see loan offers pulled and agreed exemptions from Ce(...)

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