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Pay up: The return of Irish bankers' bumper pay packets

Bankers' pay is rising again, and while they may not be earning anywhere near the excesses seen in the Celtic Tiger years, the scale of their compensation packages is sure to cause plenty of irritation, writes Adam Maguire.

Business • 09 Mar

ILCU CEO David Malone said its members mortgage lending is expected to reach €1bn in the near future

ILCU loan book passes €6bn for first time since 2008

The combined loan book of Irish League of Credit Unions members surpassed €6 billion by the end of March.

Business • 17 Jun 25

The Central Bank accepted all the recommendations in the Enria report

Fitness and probity unit opened by year end - Makhlouf

The Central Bank will have a centralised fitness and probity (F&P) unit set up and running by the end of the year.

Business • 20 Nov 24

Most investors in the financial services sector are intent on establishing or expanding operations in Ireland over the next year, according to the survey

79% of FDI decision-makers planning Irish investment

Nearly 80% of foreign direct investment decision-makers are planning to establish or expand operations in Ireland over the next year.

Business • 30 Jul 24

Hunt to sign financial services deal with Brussels

British Chancellor Jeremy Hunt is to sign an agreement with the EU that will see London and Brussels working closer together on financial services and co-ordinating ahead of big international meetings.

Business • 27 Jun 23

52,800 people work in the international financial services sector here

Updated finance strategy sets target of 5,000 new jobs

The Government has set a target of growing the level of employment in the international financial services sector by 5,000 net by 2026.

Business • 02 Oct 22

The FCA said the Citigroup arm "could not effectively monitor its trading activities" for certain types of illegal activity

Citigroup fined £12.5m by UK financial watchdog

Citigroup's international broking business has been fined £12.5m by the UK financial watchdog over past failures to properly apply rules designed to halt suspicious trading activity.

Business • 19 Aug 22

52,000 people are employed in financial services here

Skills shortage threatens financial services sector

A shortage of people with a well-rounded skill set, including role-specific technical skills and in-demand soft skills, represents a threat to the health of the talent pipeline in financial services, a new report has found.

Business • 12 Jul 22

The biggest shock in a year of surprises in banking was Ulster Bank's announcement that its to close in the Republic of Ireland

A seismic year in Irish banking and financial services

Seismic is really the only way to sum up the year just gone in the Irish banking and financial services sector.

2021 in Review • 27 Dec 21

The Central Bank regularly issues warnings about unauthorised firms providing financial services here

Central Bank warns about eight unauthorised firms

The Central Bank has issued warnings about eight unauthorised firms that are offering financial services in Ireland.

Business • 22 Dec 21

Rishi Sunak said Brexit was a unique opportunity to tailor rules while maintaining high regulatory standards and open markets

UK sets out vision for post-Brexit financial services

Britain's finance minister has pledged to "sharpen" the competitive advantage of the UK financial services sector as he set out his vision for its future after the City of London lost business to the bloc after Brexit.

Business • 02 Jul 21

Mairead McGuinness said the EU and UK are aiming to have the financial services framework in place by March 31

UK can't have equivalence and divergence - McGuinness

The European Union will strive for close co-operation with Britain on financial services, the EU Financial Services Commissioner Mairead McGuinness has said.

Business • 11 Feb 21

City of London Corporation's Catherine McGuinness

Brexit losses 'not catastrophic' for City of London

London has no desire for a "bonfire of regulations" to retain its position as a top international finance centre after Brexit but it is ready to act if the European Union blocks access, the City of London's political leader said.

Business • 27 Jan 21

The Central Bank has warned that the end of the Brexit transition period means "passporting" is no longer allowed

Central Bank warns Brexit may bring some disruption

The Central Bank has warned that Irish creditors with direct debits in place for UK customers may need to provide their banks with additional information to avoid payment requests being rejected.

Business • 01 Jan 21

Dublin's International Financial Service Centre, where the bulk of the international banks operate from here

Ireland the 8th largest exporter of financial services

Ireland is the fifth largest exporter of financial services in Europe, according to a new report on the contribution of international banking to the economy here.

Business • 18 Dec 20

Mairead McGuinness said Europe should avoid being overly dependent on a third country for key financial services

Brexit will make EU-UK financial services 'less fluid'

The flow of financial services between the European Union and Britain will be less fluid from January whatever happens in talks on a future free trade deal, the EU's financial services chief designate has said.

Business • 02 Oct 20

Many of Bank of America Merrill Lynch's European offices were merged under its Dublin headquarters as a result of its post-Brexit planning

BoA Merrill Lynch's Dublin profits soar on Brexit move

Pre-tax profits at a financial services firm, which merged with its European operations last year in response to Brexit, increased more than eight fold to $643m (€594m).

Business • 15 May 20

Dublin has mainly attracted insurance, banking and asset management firms as a result of Brexit

Brexit: Dublin the most popular choice for relocating

Dublin remains the most popular choice for financial services firms to relocate to post-Brexit, EY's latest Financial Services Brexit Tracker shows.

Business • 19 Sep 19

Ed Sibley, the Central Bank's deputy governor, is confident no-deal preparations were in place across the international financial services sector here

Central Bank's Brexit authorisations top 100

Well over 100 financial services firms that applied to set up or extend operations in Ireland because of Britain's plans to quit the European Union have been authorised to do so by the Central Bank, its deputy governor Ed Sibley has said.

Business • 03 Sep 19

Questions have been raised about the ability of banks, insurers and asset managers in the UK to continue serving customers in the EU after Brexit

Financial services to remain 'priority' after Brexit

Financial services will remain a "guiding light" for Britain's economy after Brexit and there is no intention to "rip up the rulebook" to compete better as a top financial centre, a government minister said today.

Business • 05 Jun 18

Brian Hayes says the 'time is right to completely reform our equivalence rules, particularly in light of Brexit'

Hayes calls for standalone fin services EU-UK agreement

There needs to be a standalone financial services agreement between the European Union and the United Kingdom post-Brexit, according to Fine Gale MEP Brian Hayes.

Business • 06 Apr 18

The global Apex Group specialises in delivering fund administration and middle offices services to asset managers worldwide

50 new jobs announced at Apex in Cork

Fifty new jobs have been announced in Cork at Apex Fund Services.

Business • 02 Mar 18

Citigroup, Bank of America, and Morgan Stanley as well as Britain's Barclays have all indicated in the last month they are finalising plans to set up subsidiaries within the EU

Hard Brexit could cost UK 40,000 banking jobs

Britain's finance industry could lose up to 40,000 investment banking jobs in the next few years unless it strikes a softer deal on its departure from the European Union.

Business • 01 Aug 17

Philip Lane says one of the most attractive features Ireland can have as a location for financial sector investment is a reputation for 'high quality regulation and supervision'

Central Bank says not its job to promote Ireland

The Central Bank has pushed back against suggestions that it should be doing more to attract financial services companies to Dublin following the Brexit vote in the UK.

Business • 28 Jun 17

The Central Bank maintains a list of unauthorised firms which have been found to be operating in the State

Central Bank issues warning on unauthorised firm

The Central Bank has issued a warning about an unauthorised firm offering credit facilities to Irish consumers.

Business • 01 Aug 14