24 February 2021
The high capital levels of the Irish banks has been praised by commentators, politicians and academics when considering the impact of COVID-19 on the Irish banking sector. It provides stability and reassurance and indicates that what happened in the last financial crisis will not be repeated. However capital requirements that are too high can have negative implications. These have been highlighted in a recent Banking & Payments Federation Ireland (BPFI) report and by Ulster Bank’s decision to exit the Irish market.
The analysis
The BPFI report is based on data gathered from the five main Irish banks, the European Central Bank and the European Banking Authority. The research underlying the report covered 12 million data points across 613,000 mortgage accounts worth €83 billion.
The Cork grifters who were unlucky to get caught in sophisticated bank fraud irishexaminer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from irishexaminer.com Daily Mail and Mail on Sunday newspapers.
Since the beginning of 2021 fears have grown that inflation, which has remained muted since the global financial crisis in 2008, is finally on its way back. US 10-year break-even inflation expectations, derived from Treasury yields, have now risen to 2.3pc - their highest level since 2014 - signalling bond investors are increasingly worried about price pressures.
Victims of romance fraud conned out of average of €18,000 by fraudsters in 2020 thesun.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thesun.ie Daily Mail and Mail on Sunday newspapers.
MAKING CENTS: How to get a mortgage in 2021 - Part 1
Reporter: );
);
AT the beginning of every year, I like to write a piece about getting prepared to buy a house and applying for a mortgage.
I know at the top of many people’s wish lists, particularly first-time buyers (FTB’s), is getting on the property ladder and buying their very own home.
And towards the end of last year, saw a surge of mortgages being approved, with FTB’s leading the charge with them accounting for nearly 6 out of every 10 approvals. October saw the biggest approval rate since the Banking & Payments Federation Ireland, began collecting data in 2011.