Monthly Archives: May 2011

Central Bank Governor Patrick Honohan this morning

“Our priority during 2010 and 2011 has been and continues to be to work towards the resolution of the financial crisis and respond to the problems of under-capitalisation in the banking system,” the bank said in its annual performance statement, also published today.

“The strategy in relation to regulation is based on the need to develop and implement a new model of regulation, an assertive risk-based approach, underpinned by a credible threat of enforcement. The objective is to be better at not only identifying risks but also in challenging firms on the risks they face and ensuring the risks are mitigated as far as possible.”

Pity the banks have no money to take any more risks to regulate.

Still. Nice tie.

Central Bank Unveils Annual Report (Ciara O’Brien, Irish Times)

(Mark Stedman/Photocall Ireland)

A cunning new promotional campaign from Marlboro, combining two of the most potently addictive things known to man: nicotine and the iPhone.

Using Bump technology, social smokers are able to bum virtual cigarettes from hardcore smokers and  exchange them for real ones with an electronic coupon. This is supposed to curb the (apparent) problem of occasional smokers having to go out and buy an actual whole pack of cigarettes and power smokers who might actually have to lose a single cigarette from their pack.

And with that, the world is a (cough) better place.

via