Regulatory News

Launch of the Administrative Sanctions Guidance – Derville Rowland, Director General, Financial Conduct

14 November 2019 Speech Address by Derville Rowland, Director General, Financial Conduct at the launch of the Administrative Sanctions Guidance, Central Bank of Ireland, Dublin. Introduction Good morning everyone! I am delighted to welcome you here this morning for the launch of the Central Bank’s Guidance on Administrative Sanctions. […]

Regulatory News

“On too many issues the Central Bank has had to push too many retail banks too hard and over too long to put customers first” – Deputy Governor, Ed Sibley

12 November 2019 Press Release Retail banks’ behaviours are not always consistent with their stated aims of rebuilding trust and relationships with their customers. Delivery for customers requires financially and operationally resilient banks. Substantial investment is required in Irish bank’s IT and data capabilities. Speaking at the Banking […]

Regulatory News

Enforcement Action Notice: Savvi Credit Union Limited fined €185,500 by the Central Bank of Ireland for failure to comply with the requirements for long-term lending and the restriction on paying remuneration to directors

07 November 2019 Press Release On 6 November 2019, the Central Bank of Ireland (the Central Bank) reprimanded and imposed a fine of €185,500 on Savvi Credit Union Limited (Savvi) for three breaches of credit union legislation.  Savvi has admitted the breaches. The Central Bank determined that the appropriate […]