Category: banks

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 euro EU recovery fund to do so. The remarks from Jose Manuel Campa, who leads the European Banking Authority (EBA), will rekindle a divisive debate about whether rich […]

Continue Reading

Banks predict biggest ever fall in demand for loans due to Covid-19

Irish banks expect the “biggest ever decrease” in the demand for mortgages and consumer loans as a result of the impact of the Covid-19 pandemic.  That is one of the results from analysis of the quarterly Bank Lending Survey published by the Central Bank today.  The Central Bank said the fall in demand will be […]

Continue Reading

S&P revises outlook for Irish banks downwards

Ratings agency S&P Global Ratings has revised down its outlook for three of the main Irish banks from stable to negative, saying that downside risks for the banks’ financial profiles remain substantial. However, the agency has affirmed the current ratings of AIB, Bank of Ireland, Permanent TSB and KBC Bank Ireland. It has also not […]

Continue Reading

EU tells banks to be flexible over loan losses rule during epidemic

European banks have the flexibility to avoid a huge rise in provisioning for non-payment of loans during the coronavirus outbreak, the European Union’s securities and banking watchdogs said today.  Banks have warned they face mounting provisions as businesses and households they lent money to struggle to repay loans during the outbreak.  EU states have approved […]

Continue Reading

Banks urge EU to ease capital rules to fight coronavirus fallout

Europe’s banks have called on European Union authorities to ease capital rules and other regulatory barriers to helping businesses struggling because of the coronavirus epidemic.  The European Banking Federation (EBF) comprises national banking industry bodies from across Europe. It has set out a three-stage plan in a letter to the European Union, European Central Bank and […]

Continue Reading

New rules to require banks to open up their systems

New rules to require banks to open up their systems Your bank account is set to get more secure – and more open – once new European regulations come into force in September. The second Payments Services Directive aims to reduce fraud around online transactions. This will likely see consumers having to take more steps […]

Continue Reading

Fee increases will be critical for Irish banks – S&P

Fee increases will be critical for Irish banks – S&P Increasing fees and commissions will be critical for Irish banks in the coming years, in order to offset pressure on the difference between the amount of interest they earn versus what they pay out to those lending them money. That’s according to ratings agency S&P […]

Continue Reading