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Tag: Central Bank

Spotify hits the right note, INM data breach, gender pay deadline, and a robot warning

The Data Protection Commissioner Helen Dixon says she intends to undertake an investigation into a data breach at Independent News &Media (INM), whether personal data was accessed and if so, whether it was processed lawfully and fairly in accordance with data protection legislation. After taking a tumble in recent trading, there was a little respite […]

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Smurfit Kappa faces shareholder pressure to cross takeover bid ‘red line’

It’s been 18 days since cardboard box-maker Smurfit Kappa revealed it had received and rejected as “highly opportunistic” a €36.46 per-share takeover bid, which valued the group at €8.6 billion. And we haven’t heard from its US suitor, International Paper, since it hinted the same day that it may come back with a sweetened offer. […]

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Group led by Philip Lane proposed new class of safe financial asset

Sovereign bond-backed securities (SBBS), a new class of safe financial asset, could be gradually developed to strengthen the euro area against future financial shocks, an influential taskforce chaired by Central Bank of Ireland governor Philip Lane has concluded. The security would bundle government debt from different countries into a single asset that could withstand default […]

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Irish tech VC fund to get cash boost as partner lists in London

An investment company linked to Irish venture capital fund Suir Valley Ventures will raise about €3.75 million by offering its shares on the London Stock Exchange on Friday. Sure Ventures plc plans to offer 3.3 million shares on London’s specialist funds market on Friday to raise £3.3 million sterling (€3.75 million) to invest in software […]

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Central Bank hires Amundi to manage €240m equities portfolio

The Central Bank has hired French asset manager Amundi to manage a €240 million equities portfolio, the first time it has outsourced the management of part of its investments. A spokeswoman for the bank said that the decision to “outsource in this instance was taken for operation”. Amundi bought Dublin based KBI Global in 2016 […]

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Investment advisers plot to save commissions cash cow

Remember the Y2K bug? The fears ahead of the turn of the Millennium that computers would seize up globally, prompting planes to fall from the sky and a general meltdown of civilisation? The hoo-ha in financial circles in the lead-up to the biggest overhaul this week in market rules in a decade had faint echoes […]

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Central Bank misses IT target amid sweeping new EU market rules

The Central Bank, responsible for making sure financial firms were ready this week for Europe’s biggest market rules shake-up in a decade, failed to meet a key target of its own as the new regime took effect on Wednesday. The far-reaching reforms, known as Markets in Financial Instruments Directive (MiFID II), include the imposition of […]

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Central Bank sells further €500m tranche of debt linked to Anglo

The Central Bank has sold a further €500 million tranche of debt connected with the collapse of Anglo Irish Bank. The latest transaction brings to €9.5 billion the amount of legacy debt bought from the bank by the National Treasury Management Agency (NTMA). Following the purchase, €15.53 billion of debt associated with the failure of […]

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Central Bank sells further €500m tranche of debt linked to AIB

The Central Bank has sold a further €500 million tranche of debt connected with the collapse of Anglo Irish Bank. The latest transaction brings to €9.5 billion the amount of legacy debt bought from the bank by the National Treasury Management Agency (NTMA). Following the purchase, €15.53 billion of debt associated with the failure of […]

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