Menu
02/03/2011
Draft Bank Resolution Legislation Published
The Irish government has published draft legislation fulfilling a commitment made as part of the EU – IMF financial assistance package.
The bill, entitled the Central Bank and Credit Institutions (Resolution) Bill 2011, has been laid before the Oireachtas. The new proposed legislation provides for a special "resolution regime" for banks and will give the Governor of the Central Bank certain powers to intervene in the affairs of banks and credit unions.
The 31st Dáil will convene on the 9th of March. The session will see the election of a new Taoiseach and the putting in place of a new Government.
A timetable for the enactment of the proposed legislation will be a matter for the next Dáil.
Meanwhile, a rise in interest rates and a further weakening of the euro are on the cards according to the latest market forecast from Ulster Bank.
According to the forecast, our record low interest rates could come to an end within six months, with the ECB expected to begin gradual hikes of 0.25%
The forecast from Ulster Bank also says the euro could be vulnerable if the Europe-wide debt crisis continues to intensify, but the bank's chief economist Simon Barry says this would not be a bad thing for Irish exporters.
(DW)
The bill, entitled the Central Bank and Credit Institutions (Resolution) Bill 2011, has been laid before the Oireachtas. The new proposed legislation provides for a special "resolution regime" for banks and will give the Governor of the Central Bank certain powers to intervene in the affairs of banks and credit unions.
The 31st Dáil will convene on the 9th of March. The session will see the election of a new Taoiseach and the putting in place of a new Government.
A timetable for the enactment of the proposed legislation will be a matter for the next Dáil.
Meanwhile, a rise in interest rates and a further weakening of the euro are on the cards according to the latest market forecast from Ulster Bank.
According to the forecast, our record low interest rates could come to an end within six months, with the ECB expected to begin gradual hikes of 0.25%
The forecast from Ulster Bank also says the euro could be vulnerable if the Europe-wide debt crisis continues to intensify, but the bank's chief economist Simon Barry says this would not be a bad thing for Irish exporters.
(DW)
Related Northern Ireland News Stories
Click here for the latest headlines.
24 November 2011
Quinn Ordered To Repay €417M
Troubled businessman Seán Quinn must repay €417m to the Irish Bank Resolution Corporation (IBRC), following an order by the Commercial Court on Wednesday.
Quinn Ordered To Repay €417M
Troubled businessman Seán Quinn must repay €417m to the Irish Bank Resolution Corporation (IBRC), following an order by the Commercial Court on Wednesday.
25 June 2013
New NI Bank Notes In Circulation
New bank notes have been released into circulation in Northern Ireland. The £10 and £20 notes are being issued from Danske Bank and will gradually replace the existing Northern Bank notes. The design of the notes remains the same, the only difference is the Danske Bank logo has replaced the Northern Bank logo.
New NI Bank Notes In Circulation
New bank notes have been released into circulation in Northern Ireland. The £10 and £20 notes are being issued from Danske Bank and will gradually replace the existing Northern Bank notes. The design of the notes remains the same, the only difference is the Danske Bank logo has replaced the Northern Bank logo.
10 May 2012
Northern Bank To Be Rebranded
Danske Bank has announced a new organisational set-up for its operations in Northern Ireland and Ireland. The new structure will take effect on 1 June 2012. The re-organisation mirrors a similar Group wide set-up being introduced in all Danske Bank operations.
Northern Bank To Be Rebranded
Danske Bank has announced a new organisational set-up for its operations in Northern Ireland and Ireland. The new structure will take effect on 1 June 2012. The re-organisation mirrors a similar Group wide set-up being introduced in all Danske Bank operations.
15 November 2012
Northern Bank Becomes Danske
Today the Northern Bank officially becomes Danske Bank. The new name comes from the bank’s Danish parent and will see branches across Ireland, Norway, Finland, Latvia, Estonia and Lithuania adopt the new title.
Northern Bank Becomes Danske
Today the Northern Bank officially becomes Danske Bank. The new name comes from the bank’s Danish parent and will see branches across Ireland, Norway, Finland, Latvia, Estonia and Lithuania adopt the new title.
14 November 2002
SDLP leader welcomes policing legislation
SDLP leader Mark Durkan has welcomed the new policing legislation announced in yesterday's Queen's Speech. Speaking to students at the University of Ulster in Coleraine, Mr Durkan said: "I welcome the announcement of new legislation on policing.
SDLP leader welcomes policing legislation
SDLP leader Mark Durkan has welcomed the new policing legislation announced in yesterday's Queen's Speech. Speaking to students at the University of Ulster in Coleraine, Mr Durkan said: "I welcome the announcement of new legislation on policing.
-
Northern Ireland WeatherThis Evening and Tonight:It will be cloudy with a spell of heavy rain pushing south through late evening and the early hours, soon followed by some clear spells. Minimum temperature 6 °C.
