Tag Archives: Central Bank

9677035325_5c160a6591_oJaplandic writres:

After all the banks admitting that they are using legal letters to satisfy the government’s criteria for long-term mortgage arrears modification – and the deafening silence from the Central Bank on this – I felt it was worth a quick recap on the last four years of Governor Patrick Honohan’s tenure.

READ ON: Fade To Grey (Japlandic)

Previously: Anything Good In The Wall Street Journal?

Mabs2

“A plan designed by the Central Bank to help overstretched borrowers with multiple loans has been thrown into temporary disarray by the unexpected withdrawal of the Money Advice and Budgeting Service (Mabs) from the scheme.”

“Following a competition between three bidders, Mabs, in conjunction with IT services company OSG, was to take a key role in a three-month pilot programme to try out the proposed scheme.”

“However, having won the competition and having responded in writing to the Central Bank two weeks ago in positive terms, the agency wrote to the Central Bank again last week, saying it would not be taking the role.”

“It is understood the Central Bank does not know the reason for the volte-face and is very surprised. A spokesman would not comment yesterday and calls to a spokesman for Mabs were not returned.”

Hmmm.

Mabs pulls out of pilot scheme to help debtors (Colm Keena, Irish Times)

90133503Sam Stephenson‘s soon-to-be-vacated Central Bank on Dame Street.

Of course it really should be razed to allow light flood in to Temple Bar.

Alternatively…

The Bank dameA centre for ants!?

No,

David Lawless writes:

I recently proposed a change in use to the now infamous Central Bank on Dame street. The project seeks to install a varied program on each of the banks seven floors which correlate with the seven deadly sins.
The project was entered in an architectural ideas competition and went on to win the student prize (and featured in the Irish Times and Morning Ireland). A lot of people have been asking after the project and want to know more. I feel a piece and feedback  in a ‘social affairs column‘ [our inverted commas] would be of fun and interest.  At least it’s something new on the topic of young Irish architecture away from poor job prospects and food parcels Many thanks and much appreciated.

 (James Horan/Photocall Ireland)

The soon to be vacated Central Bank building on Dame Street, Dublin.

Any thoughts on a new tenant?

DoCoMoMo – the Irish committee for documentation and conservation of buildings, sites and neighbourhoods of the modern movement – want to hear from you.

We’ve suggested a multi-storey car park but only for electric cars with a bar and diner (‘Chompsky’s) at the top.

Central Bank Competition (DoCoMoMo)

Thanks Spaghetti Hoop

Pic by dw

 

Getting grimmer.

Fresh from the Central Bank:

At end-June 2012, there were 761,533 private residential mortgage accounts for principal dwellings held in the Republic of Ireland, to a value of €112 billion.

Of this total stock of accounts, 83,251, or 10.9 per cent, were in arrears of more than 90 days. This compares with 77,630 accounts (10.2 per cent of total) that were in arrears of more than 90 days at end-March 2012.

* The number of accounts that were in arrears of more than 180 days was 65,698 at end-June 2012, equivalent to 8.6 per cent of the total stock. At end-March, the number of accounts in arrears of more than 180 days was 59,437, or 7.8 per cent of the total stock.

* There were 45,165 accounts in arrears of less than 90 days at end-June 2012. This figure reflects a fall of 2.4 per cent since end-March, when there were 46,284 accounts in short-term arrears.

*While the number of accounts in arrears of more than 90 days increased by 7.2 per cent during Q2, the total value of arrears outstanding on these accounts increased by 11 per cent.

Residential Mortgage Arrears and Repossessions Statistics: Q2 2012 (CentralBank.ie) 

(Eamonn Farrell/Photocall Ireland)

All backs scratched.

The decision covers Bank of Ireland’s chief executive Richie Boucher (top) and Kevin Murphy (above), a director of Irish Life and Permanent Group Holdings. The Central Bank said last night that over the past 12 months while it conducted its review, many of the long-standing directors of the lenders covered by the bank guarantee had resigned.It said it had no reason to suspect the fitness and probity of any directors currently in place who were on boards of Irish banks during the night of the guarantee.

 

Central Bank probe Concludes Bankers Who Were Present During The Banking Guarantee Period Can Remain (RTE)

(Laura Hutton, Sasko Lazarov/Photocall Ireland)

And at the top of Grafton Street, Dublin:

Thanks Momo Woods

Update: This is what it’s all about:

httpv://www.youtube.com/watch?v=OowTfuVA0kI