Department Of Finance

160 results

There are concerns around the future of Italian banks in the wake of prime minister Matteo Renzi’s crushing defeat. Photograph: Max Rossi/Reuters
Irish bank shares perform well despite fears of knock-on effect following Renzi defeat

Maybe it was the calm before the storm but Irish bank shares performed well yesterday in spite of concerns around the future of their Italian counterp(...)

Home repossessions aren’t part of the Irish culture
The hidden property timebomb? Long-term mortgage arrears

Figures published this week by the Central Bank paint a broadly more positive picture of Irish mortgage lending and household debt than a year ago. (...)

Charles Haughey: in 1969, the then minister for finance introduced the artists’ exemption. Photograph: Alan Betson
Artists’ tax exemption may be in line for a future tweaking

It was introduced by Charlie Haughey in 1969 to support local talent and attract artists to settle in Ireland. Now, judging by documents released in p(...)

A mock customs hut put up by Brexit protesters at the border town of Carrickcarnon: Ireland is heavily exposed to Brexit with about 16 per cent of our exports going to the UK, and 40 per cent of indigenous company exports going there. Photograph: Clodagh Kilcoyne/Reuters
Budget 2017: the measures designed to soften blow of Brexit

At the Ibec president’s dinner in the RDS last month, Taoiseach Enda Kenny said the budget would ensure that Ireland was “Brexit-ready”. It was a br(...)

US Republican presidential candidate Donald Trump stands on a red carpet in Shannon Airport during a visit in 2014. Photograph: Sean Curtin.
Diarmaid Ferriter: Ireland has bowed to US firms since 1950s

Both Donald Trump and Minister for Finance Michael Noonan have been talking potatoes recently. The two go back some way, most memorably when, excrucia(...)

Fianna Fáil’s finance spokesman Michael McGrath McGrath said a “half-baked system” now existed, whereby the servicing agent for the loan is regulated but the same requirement is not placed on the owner of the borrowings. Photograph: Eric Luke
Central Bank called for rules on ‘vulture funds’

The Central Bank of Ireland wanted the Government to regulate the investment groups that were acquiring billions of euros of commercial loans and mort(...)

Ireland is to host a second annual European Financial Forum at Dublin Castle on January 24th next year. Photograph: iStock
Department of Finance taking over IFSC strategy

Responsibility within Government for developing the international financial services (IFS) sector here has been moved to the Department of Finance fro(...)

The report follows the 2014 collapse of Setanta Insurance, which has led to a dispute over who should pick up the tab for the 1,700 open claims that could cost up to €95.2 million to settle
Insurers 'should pay into fund' to cover claims if rival goes bust

Third-party motor claims arising from the liquidation of an insurer should be met in full by the Insurance Compensation Fund (ICF) and part-funded by(...)

The Central Bank said indicators, such as domestic demand and employment growth, gave a more accurate indication of the economy’s performance.
CSO to examine better ways of measuring growth amid GDP controversy

The Central Statistics Office (CSO) is to examine how to provide more accurate measures of Ireland’s economic performance amid the controversy over t(...)

Economist Paul Krugman: In a tweet to his 1.5 million followers, the Nobel laureate described the CSO data release as “leprechaun economics”, adding that “it doesn’t make sense”. Photograph: Franck Robichon/Pool
Do not be fooled by bizarre fiction of CSO growth figures

When it comes to handing out awards later this year for the best piece of fiction in the Irish market, the Central Statistics Office could be well in (...)

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