Tag Archives: Irish Examiner

Irish Examiner – Bank Probes Administrative Sanctions Procedures – 20 April 2014

Irish Examiner

By Vincent Ryan – Business Reporter

The Central Bank is currently investigating 29 firms under its administrative sanctions procedure which can see huge fines levied on firms.

Read the full story at: www.irishexaminer.com / link to original article

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Irish Examiner – Bank Of England To Check If Allowances Comply With EU Cap – 12 March 2014

Irish Examiner

The Bank of England is scrutinising allowances awarded to top staff by banks in an effort to establish whether they are a covert way of avoiding a new EU cap on bonuses, a senior official at Britain’s central bank said yesterday.

By Huw Jones, Reuters

Quote: From next year, EU bankers’ bonuses can be no higher than fixed salary, or twice that amount if a bank’s shareholders give their approval.

Read the full story at: www.irishexaminer.com / link to original article

Irish Examiner – ECB To Examine Euro Bank Capital Shortfalls In €3.72Tn Asset Review – 12 March 2014

Irish Examiner

The European Central Bank says it will look for capital shortfalls in euro-area banks by examining more than €3.72tn in assets in on-site checks.

By Jeff Black, Bloomberg

Quote: Releasing a 285-page manual for staff undertaking the asset quality review, the Frankfurt-based ECB said any adjustments to lenders’ capital ratios identified as necessary by the unprecedented balance-sheet probe will be determined during July.

Read the full story at: www.irishexaminer.com /link to original article

Irish Examiner – Credit Unions Head For Courts In Debt Quest – 27 December 2013

Irish Examiner

The Irish credit union movement has pursued members through the courts for debts of nearly €35m over the last three years.

By Vincent Ryan

Since 2011, almost 2,000 members have had judgments registered against them for failing to repay monies borrowed.

In 2011, credit unions registered €12.7m worth of judgments against defaulters, in 2012 it rose to €13m, and by Nov 2013, €9m worth of judgments had been registered, according to figures from Vision-net.

Read the whole article at: www.irishexaminer.com / link to original article

Irish Examiner – Europe Banking Union Set Be Complex And Political – 23 December 2013

Irish Examiner

Europe’s efforts to form a united front behind eurozone banks are reaching a climax, but many fear they will fail to restore confidence and prove flimsy should another crisis strike.

By John O’Donnell

After more than a year of talks, ministers from across the EU agreed early on Thursday, a scheme to close failing banks, but the process will be complex and politicised. An agency and fund to wind down bad banks, working in tandem with the ECB as the new watchdog, is an important step towards banking union, but the loose ends could lead to the complete unravelling of the project.

Read the whole article at: www.irishexaminer.com / link to original article

Claim City Council Will Lose €2bn In Assets To Irish Water – 18 December 2013

Irish Examiner

A war of words has broken out between the Department of Environment and a local authority over fears councils will be left facing massive debt as a result of the transfer of assets to Irish Water in January.

By Fiachra Ó Cionnaith

On Monday night, city manager Owen Keegan broke the news that Dublin City Council is set to lose €2bn in assets due to the move.

Read the whole article at: www.irishexaminer.com /link to original article

EU Bans Three Pesticides Linked To Bee Death – 2 December 2013

Irish Examiner

Irish beekeepers have welcomed an EU ban on three pesticides which are being blamed for the deaths of millions of bees worldwide.

By Claire O’Sullivan

Aside from honey production, honey bees are a vital part of global food production as they pollinate about one third of the world’s food — increasing its yield as much as threefold.

It is estimated that insect pollination, over two thirds of which is done by honey bees, is worth €153bn per annum globally.

However, the Irish Beekeepers’ Association’s spokesman, Phillip McCabe, who is also president of the worldwide bees association, Apimondia, said the Government here is not supporting the beekeepers.

“We had been working for a number of years trying to get the governments of the world, and in particular the EU, to ban these chemicals.

www.irishexaminer.com / link to original article