MEPs ditch capital buffer rules for money market funds

Europe’s money market funds will not have to hold costly capital to shield them from financial shocks following a vote by MEPs to soften proposed new rules for the trillion-euro industry. The new regulations are designed to ensure stability in […]

Recovery in eurozone continuing

Economic sentiment in the eurozone rose to a seven-month high and German unemployment dropped, keeping the region on a recovery path as the ECB prepares to unleash its quantitative-easing programme. An index of executive and consumer confidence climbed to 102.1 […]

720 days of mortgage arrears totalling €8bn

The percentage of mortgages in long-term arrears is on the increase with more than €8bn of total arrears falling into this category, new data shows. Despite the overall decline in the volume of primary-dwelling home arrears, there has been an […]

Mortgage rules ‘will not affect prices’

The Central Bank’s new deposit and loan-to-income rules will not affect house prices or supply when demand is based on fundamentals, but they will have a significant impact on speculative demand, according to Central Bank economist Lars Frisell. “If the […]

Pressure on Ireland to lower deficit will continue

Pressure on Ireland to cut its deficit and debt will continue despite the country hitting its targets as prescribed by the European Commission. There is some controversy over France getting an extra two years to meet its 3% deficit target […]

Future bright for Irish corporates

Corporate Ireland is on the march. With strong financial performances attained during 2014 companies have the resources and appetite to expand their operations globally. Corporate Ireland is on the march. With strong financial performances attained during 2014, and equipped with […]

Transactions to hit record highs as hotels go up for sale

Almost a quarter of the 145 hotels put into receivership at the end of last year are yet to come to market creating a pipeline of properties that will help transactions reach record highs again this year. The large number […]

Financial services complaints down 42%

There was a 42% fall in the number of complaints received by the Financial Services Ombudsman in 2014, according to its annual review. There were 4,477 complaints made and 3,166 of these were closed by way of a formal investigation. […]

Lack of investment in Irish tourism ‘hurting hotel sector’

The long-term sustainability of the tourism sector is being compromised by a lack of State investment, the hotels federation annual conference has heard. Cutbacks have taken €25m from the coffers of the State’s tourism bodies, Fáilte Ireland and Tourism Ireland, […]

Referendum on Britain’s EU membership will have a knock-on effect on Ireland, warning

The UK economy will suffer in the run up to a referendum on Britain’s EU membership and this will have a knock-on effect on Ireland, a UCD economist has predicted. Joe Durkan, who lecturers in economics at the university, also […]

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