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Payment Services Directive: are you ready?

  • LK Shields
  • -
  • European Union, Ireland
  • -
  • August 28 2009

The Payment Services Directive 200764EC (the PSD) will become effective in Ireland on 1 November 2009 and will introduce a new EU-wide licensing regime for many firms and business that have up until now operated in an unregulated environment

Asset backed securities and ECB eligibility criteria an update

  • Matheson
  • -
  • Ireland
  • -
  • September 1 2009

Due to current market conditions we have been receiving an increasing number of enquiries from banks seeking to structure asset-backed securities (ABS) transactions in such a way that the notes issued thereunder qualify as Eligible Collateral for repo transactions with the European Central Bank (ECB) and indeed national central banks throughout Europe

Frequently asked questions on the Credit Institutions (Financial Support) Scheme 2008

  • A&L Goodbody
  • -
  • Ireland
  • -
  • December 31 2008

The Department of Finance has issued a list of frequently asked questions in relation to the Credit Institutions (Financial Support) Scheme which answers queries such as "What is the Scheme?", "Who is the Guarantor?", "How long does it last?", together with more technical queries such as "What does senior unsecured debt mean for the purposes of the Scheme?"

Summary of the Anglo Irish Bank Corporation Act 2009

  • Matheson
  • -
  • Ireland
  • -
  • January 21 2009

Anglo Irish Bank Corporation plc (“Anglo”) has been nationalised by the Irish government under the terms of the Anglo Irish Bank Corporation Act 2009 (the “Act”) which was passed into law today, 21 January 2009

Anglo Irish Bank nationalized

  • Alston & Bird LLP
  • -
  • Ireland
  • -
  • January 17 2009

Yesterday, the Irish government announced that it has nationalized Anglo Irish Bank

The new credit institution mergers provisions in Ireland: frequently asked questions

  • A&L Goodbody
  • -
  • Ireland
  • -
  • December 31 2008

In this edition's section on Irish and UK Competition News, we cover the recent amendments to Irish Competition law which have introduced changes to Irish merger control rules insofar as they apply to the financial sector in certain circumstances

Regulator enters into Settlement Agreement with mortgage intermediary

  • A&L Goodbody
  • -
  • Ireland
  • -
  • December 31 2008

The Financial Regulator has entered into a Settlement Agreement with Mr Michael McGarrigle, a mortgage intermediary, for suspected breaches of requirements under the Consumer Protection Code

Change to the Anglo Irish Bank Bill regarding right to withdraw large deposits

  • A&L Goodbody
  • -
  • Ireland
  • -
  • January 19 2009

It has been reported that the Government has made an amendment in one important area to the Anglo Irish Bank Bill 2009, the proposed legislation dealing with the nationalisation of Anglo Irish Bank

Anglo Irish Bank Bill 2009 - passed with minimal amendment

  • A&L Goodbody
  • -
  • Ireland
  • -
  • January 21 2009

The bill to nationalise Anglo Irish Bank, the Anglo Irish Bank Bill 2009, was passed by both houses of the Irish legislature late yesterday evening, 20 January 2009

Financial Regulator issues consultation paper on voluntary standards for Credit Unions

  • A&L Goodbody
  • -
  • Ireland
  • -
  • December 31 2008

On 19th December the Financial Regulator launched its second public consultation on the introduction of voluntary standards for Credit Unions

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