Central Bank s Donnery urges banks to move forward on instant payments irishtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from irishtimes.com Daily Mail and Mail on Sunday newspapers.
Irish banks should âmove forwardâ on instant payments, while consumersâ shift to electronic means of paying is âunlikely to be fully reversedâ after the pandemic, Central Bank deputy governor Sharon Donnery told a webinar on Wednesday.
Ms Donnery cited survey evidence from 17 EU countries that suggests the majority of consumers expect to continue to use digital services as often as they do now, âor perhaps even moreâ. However, cash is likely to continue to be the most common way of making small retail payments, she said.
âIt is important in our role as central banks that we continue to ensure choice and the availability of cash. Not all members of the public will want to use electronic means of payment owing to their habits, or a preference for anonymity and privacy,â Ms Donnery said.
State-backed domestic tourism incentives could unlock €6bn for economy – BPFI irishtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from irishtimes.com Daily Mail and Mail on Sunday newspapers.
Builders face price hikes, Finance Ireland IPO, and how to cash in early on a pension Business Today: the best news, analysis and comment from The Irish Times business desk
about an hour ago
Builders face double-figure raw material price hikes as the industry gears up for full re-opening next week, reports Barry O’Halloran. Builders suppliers are warning customers of price increases ranging from 5 per cent to as much as 20 per cent for timber, insulation, plastic piping, electrical goods and other key construction materials in recent weeks.
Non-bank lender Finance Ireland will look at floating on the stock market in the second half of next year at the earliest, according to chief executive Billy Kane. Joe Brennan writes that the company was forced to abandon plans for a €100 million-plus IPO in May 2020 as the rapid spread of Covid-19 globally threw equity markets into turmoil.
Updated / Wednesday, 21 Apr 2021
18:38
Ms Rowland also underlined the importance of collaboration between public and private agencies
The Director General of Financial Conduct at the Central Bank has said borders must not be a barrier to effective criminal investigations.
Speaking at the International Fraud Prevention Conference today, Derville Rowland said the new European Commission Anti-Money Laundering Action Plan was a welcome addition. Given the global nature of the financial crime networks, any initiatives that will support cross-border co-operation and information sharing amongst law enforcement authorities is to be welcomed, she said. If borders are not a barrier to criminals, they must not be a barrier to effective global criminal investigations either.