Business Irish

Wednesday 7 December 2016

Central Bank wants views of the public on mortgage deposit rules ahead of review

Published 27/04/2016 | 10:48

Philip Lane, Governor of the Central Bank of Ireland. Pic Collins Photos
Philip Lane, Governor of the Central Bank of Ireland. Pic Collins Photos

The public will be invited to make submissions on the Central Bank’s mortgage deposit rules ahead of their review later this year.

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The Central Bank said this morning that the written submissions must provide “evidence-based analyses of the impact of the rules”.

Details of this process will be provided by the Central Bank in advance of the submission period, the Central Bank said, as it published its annual report.

But it added that the general framework is here to stay, that any changes will need considerable evidence, and that the rules could be tightened, loosened or left as they are.

The annual report also revealed that the Central Bank generated a profit of €2.2bn for 2015, a further increase on last year’s figure.

From this, €1.79bn has been transferred to the exchequer.

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