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New EBA figures show that the 18 high-earner bankers working for Irish registered banks were paid more than €28m in 2022

Ireland's best paid banker earned over €24m in 2022 - EBA

A man working for an Irish based investment firm earned more than €24m in 2022, according to data released by the European Banking Authority.

Business • 26 Apr 24

The tests included 70 banks across Europe

AIB comes in below EU average in bank stress tests

AIB's key capital ratio would dip just below the average 10.4% of other European banks in an adverse economic shock scenario, EU wide bank stress tests have revealed.

Business • 28 Jul 23

The ECB Banking Supervision, the Single Resolution Board and the European Banking Authority reiterated that when a bank fails in the euro area, shareholders will incur losses first and fully before bondholders

Euro regulators distance themselves from Swiss approach

Euro area regulators have distanced themselves from the approach taken by Swiss authorities to some holders of Credit Suisse bonds.

Business • 20 Mar 23

New data on high earners in the banking and investment sectors has been released by the European Banking Authority

48 people working in banks/finance here earned over €1m

Forty-eight staff working for banks and investment firms in Ireland were paid over €1m in 2021, according to new data on high earners in the sector released by the European Banking Authority (EBA).

Business • 19 Jan 23

Patrick Kennedy said the pay cap and ban on variable pay are not replicated in any market in which the bank does business.

BoI chair calls for Irish banker pay cap to be lifted

The chairman of Bank of Ireland has said restrictions on remuneration which apply to it and other banks here should be replaced by European Banking Authority guidelines on pay.

Business • 26 May 22

Bitcoin is among the most popular of cryptoassets

EU regulators warn of the risks from cryptoassets

Consumers risk losing all their money invested in cryptoassets and could fall prey to scams, the European Union's securities, banking and insurance watchdogs said in a joint statement.

Business • 17 Mar 22

The highest earner was a manager at an unnamed institution who received €16.2m in payments

34 bankers in Ireland earned over €1m in 2019

Thirty-four staff working for banks operating in Ireland earned over €1 million each in 2019, according to new data published by the European Banking Authority (EBA).

Business • 18 Aug 21

The testing scenarios factor in economic shocks around a fall in GDP, rising unemployment, and falling property prices

AIB and BOI below average in bank stress tests

Both AIB and Bank of Ireland have sufficient capital reserves to withstand a severe recession but performed slightly below average in the latest stress tests for European Union banks by the European Banking Authority.

Business • 30 Jul 21

The main Irish lenders introduced repayment breaks for personal and business borrowers at their own initiative in Marc

EBA revives blanket payment breaks for Covid-hit loans

The European Banking Authority (EBA) has reactivated its guidelines on loan repayment moratoria in a move that could make it easier for Irish banks to resume offering blanket repayment breaks again.

Business • 02 Dec 20

Paschal Donohoe said he would be asking the lenders to work hard to deal with customers on a case by case basis (Photo: RollingNews.ie)

Banks urged to show sensitivity on payment breaks

The Minister for Finance has said he will be asking the chief executives of the main banks here to demonstrate sensitivity and understanding to those whose loan and mortgage breaks are coming to an end.

Business • 25 Sep 20

The main lenders put in place the option of payment breaks as the country entered a phase of severe restrictions aimed at preventing the spread of Covid-19

EBA says payment breaks will be phased out as planned

The European Banking Authority has confirmed that mortgage and loan payment breaks, offered to borrowers earlier this year, will be phased out from the end of this month as planned.

Business • 22 Sep 20

Financial firms have unfettered access the euro zone under transition arrangements that end on December 31

EU watchdog tells UK banks to get ready for full Brexit

Banks using Britain as a gateway to the European Union must fully execute their plans for serving EU customers before a Brexit transition period ends in December, the EU's banking watchdog said today.

Business • 29 Jul 20

The European Banking Authority announces three month extension for payment breaks on bank loans and mortgages

EBA announces three month payment break extension

The European Banking Authority has announced a three month extension for payment breaks on bank loans and mortgages.

Business • 18 Jun 20

BPFI says 140,000 bank customers are now on payment breaks

End of June deadline for bank repayment break requests

Bank customers who require a break from repaying their mortgages or loans because of the impact the Covid-19 crisis is having on their finances will have to apply for one by 30 June, the Banking and Payments Federation Ireland has said.

Business • 28 May 20

European banks have built a capital buffer of more than €430 billion

EBA calls for European states to shield their banks

European countries need to join forces to shield their banks from the coronavirus outbreak, one of the bloc's top regulators said today, potentially using a €500 billion EU recovery fund to do so

Business • 25 May 20

The new supervisor could be part of the European Banking Authority, or a standalone entity

European Commission mulls money laundering authority

The European Commission is considering creating a new authority to police financial crime and monitor banks more strictly, it has said, confirming a Reuters report.

Business • 07 May 20

The European Banking Authority has sought to reassure lenders on loan losses rules

EU tells banks to be flexible over loan losses rule

Banks in the European Union have the flexibility to avoid a huge rise in provisioning for temporary non-payment of loans during the coronavirus outbreak, EU banking and securities watchdogs said today.

Business • 25 Mar 20

The European Banking Authority has postponed its stress test this year for big banks

Europe eases rules for banks, stress tests cancelled

European Union banking regulators have delayed this year's stress test and eased some capital rules to avoid lenders turning off the taps to an economy reeling from the coronavirus pandemic.

Business • 13 Mar 20

The stress tests will cover 51 banks, including those in Ireland

Bank regulator launches toughest ever bank stress tests

The European Union's banking watchdog has launched its toughest stress test of lenders to check on their resilience to very low interest rates, trade tensions and Britain failing to get an EU trade deal after Brexit.

Business • 31 Jan 20

The EBA said it had to take action in an 'unprecedented' situation because of Brexit

EU banks watchdog urges protection of deposits

The EU banking watchdog has urged member states to offer deposit account protection for customers of branches of British banks in the rest of the European Union in case Britain crashes out of the bloc this month with no deal.

Business • 01 Mar 19

For the first time since 2009, the EU health check of the sector showed all top banks passed a key capital threshold under the most adverse economic scenario

European banks' beauty only skin-deep, investors say

Europe's top banks may have survived a milestone test of their resilience but strengthened balance sheets count for little when they generate such meagre returns compared with US rivals, investors say.

Business • 06 Nov 18

The stress tests show both AIB and Bank of Ireland would have sufficient capital in the severe recession scenario used in the tests, according to the Central Bank

AIB, BoI could be strong enough to survive hard Brexit

The two main Irish banks are probably strong enough to survive the kind of economic downturn associated with a hard Brexit.

Business • 05 Nov 18

Bank of England Governor Mark Carney believes the EBA's comments earlier this week were 'incomplete'

Bank of England hits back over banks' Brexit readiness

The Bank of England has hit back at European Union criticism, saying British banks were fully prepared for a disorderly Brexit and that it was the EU itself which should act to prevent market disruption.

Business • 27 Jun 18

Banks' preparations for Brexit without a ratified withdrawal agreement are inadequate, the European Banking Authority said

EU watchdog tells banks to speed up Brexit preparations

Banks have failed to make enough progress on their Brexit preparations and should not expect "miracle" public intervention to help them, the European Union's banking watchdog said today.

Business • 25 Jun 18

EU banks are reducing the amount of non-performing loans on their balance sheets but they still account for €910 billion

EU Commission proposes stricter rules for bad loans

The European Commission has proposed new measures to force banks to set aside more money against new loans turning bad and to favour offloading their existing stocks of bad debt.

Business • 14 Mar 18