You will no longer hear those words “regulated by the Financial Regulator” at the end of radio ads for banks . The websites and documents of all the Irish financial institutions will also need changing too. (Some of them have already started the changes) As from today – financial regulation will be carried out by […]
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Financial Regulator
Solvency Problems at Irish Credit Unions
At least 20 Credit Unions in Ireland have “serious solvency issues” according to the Central Bank’s financial institutions supervisor Jonathan McMahon. These 20 have high levels of arrears, and they are being monitored closely. The problems could be more widespread – but the regulator does not have the resources to determine the full scale of […]
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Some Quinn Insurance UK Restrictions Lifted
The Irish Financial Regulator has lifted part of its ban on Quinn Insurance selling new motor insurance cover in the UK. The original ban was put in place on March 30th when Quinn Insurance was taken into administration. Quinn Direct will now be allowed to sell new insurance policies to provisional licence holders in Britain […]
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Sean Fitzpatrick Arrested
Sean Fitzpatrick -the former Chairman of Anglo Irish bank has been arrested as part of an ongoing investigation into alleged financial irregularites at Anglo Irish Bank. Gardaí from the Garda Bureau of Fraud Investigation carried out a search of a private residence this morning and arrested Sean Fitzpatrick who has been taken to Bray Garda […]
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