Compendium
Jun 07, 2023In June 2022, AIB, Ireland’s second-largest lender, was fined €83.3 million by the Central Bank of Ireland (CBI) for denying over 10,000 customers access to cheaper mortgages that tracked base rates. EBS, a subsidiary of the bank, was fined €13.4 million for similar failings affecting 2,845 customers.
Compendium
May 15, 2022Compendium
May 15, 2022Observations
Jul 30, 2021Bank regulators worldwide have been emphasizing personal liability for misconduct scandals. In a latest instance of such, Irish Finance Minister Paschal Donohoe recently received approval for the drafting of the Central Bank (Individual Accountability Framework) Bill, the main purpose of which is to improve accountability in the country's financial sector.
