Public Statements - Settlement Agreements 

   Publications - [Displaying results 1 - 9 of 9]
DateTitle and Description
Public Statement on Bray Credit Union 09/12/2016Public Statement on Bray Credit Union
Public Statement on Settlement Agreement between the Central Bank of Ireland and Bray Credit Union Limited
Settlement Agreement between the Central Bank of Ireland and Springboard Mortgages Limited trading as Springboard Mortgages24/11/2016Settlement Agreement between the Central Bank of Ireland and Springboard Mortgages Limited trading as Springboard Mortgages
The Central Bank of Ireland has issued a reprimand and imposed a fine of €4,500,000 on Springboard Mortgages Limited trading as Springboard Mortgages for serious failings in its obligations to tracker mortgage customers.
Settlement Agreement between the Central Bank of Ireland and Ulster Bank Ireland DAC (formerly Ulster Bank Ireland Limited)27/10/2016Settlement Agreement between the Central Bank of Ireland and Ulster Bank Ireland DAC (formerly Ulster Bank Ireland Limited)
The Central Bank of Ireland (the ‘Central Bank’) fined Ulster Bank Ireland DAC (‘Ulster Bank Ireland’) and reprimanded it for breaches of the Criminal Justice (Money Laundering & Terrorist Financing) Act 2010 (the ‘CJA 2010’).
Settlement Agreement between the Central Bank of Ireland and Capita Life and Pensions Services (Ireland) Limited11/10/2016Settlement Agreement between the Central Bank of Ireland and Capita Life and Pensions Services (Ireland) Limited
The Central Bank of Ireland (the "Central Bank") has fined Capita Life and Pensions Services (Ireland) Limited €1,150,000 and reprimanded it for breaches of the investment intermediaries Act, 1995 and the European Communities (Markets in Financial Instruments) Regulations 2007.
Settlement Agreement between the Central Bank of Ireland and KBC Bank Ireland Plc06/10/2016Settlement Agreement between the Central Bank of Ireland and KBC Bank Ireland Plc
The Central Bank of Ireland (the ‘Central Bank’) has fined KBC Bank Ireland Plc €1,400,000 and reprimanded it for breaches of the Code of Practice on Lending to Related Parties 2010, and the Code of Practice on Lending to Related Parties 2013.
Settlement Agreement between the Central Bank of Ireland and Axa Insurance Limited26/07/2016Settlement Agreement between the Central Bank of Ireland and Axa Insurance Limited
Settlement Agreement between the Central Bank of Ireland and Axa Insurance Limited
Settlement Agreement with New Ireland Assurance Company plc.13/07/2016Settlement Agreement with New Ireland Assurance Company plc.
The Central Bank of Ireland (the “Central Bank”) has fined New Ireland Assurance Company plc (the “Firm”) €650,000 and reprimanded it for two breaches of the Consumer Protection Code 2012.
Settlement Agreement between the Central Bank and Seamus Sutcliffe t/a The Mortgage Centre30/06/2016Settlement Agreement between the Central Bank and Seamus Sutcliffe t/a The Mortgage Centre
The Central Bank of Ireland (the “Central Bank”) has issued a fine of €2,750 and a reprimand to Seamus Sutcliffe t/a The Mortgage Centre (the “Firm”) in respect of a failure to hold professional indemnity insurance (“PII”) for a period of time. Insurance intermediaries are required to hold PII under Regulation 17 of the European Communities (Insurance Mediation) Regulations, 2005 (the “IMR”).
Settlement Agreement between the Central Bank of Ireland and Arch Reinsurance Europe Underwriting dac15/03/2016Settlement Agreement between the Central Bank of Ireland and Arch Reinsurance Europe Underwriting dac
The Central Bank of Ireland has issued a fine of €275,000 and a reprimand to Arch Reinsurance Europe Underwriting dac for breaches of the Corporate Governance Code for Credit Institutions and Insurance Undertakings 2010. This Corporate Governance Code sets out minimum core standards. The firm failed to comply with certain standards required by the Corporate Governance Code which came into force in January 2011 because: 1. Some of its governance structures and internal controls were not sufficiently robust; 2. Its Risk Committee was not sufficiently effective; and 3. It failed to adequately oversee its subsidiary.