The extended transition period for new EU regulations on medical devices is giving stakeholders more time on a workload that was “probably underestimated”. The sector has a large industrial presence in Ireland.
The European Commission’s competition and digital regulation boss Margrethe Vestager came to Dublin on the back of passing a raft of new legislation to police the internet this summer. If Ireland doesn’t take a more active role in the patrol, she says she’ll do it herself.
Yesterday, the Central Bank announced a record €100.5 million fine for Bank of Ireland over its treatment of customers on tracker mortgages. The fine, however, doesn't explain the 9.6 per cent drop in the bank's market value since Wednesday.
Ryanair veteran Diarmuid Ó Conghaile was set to head up a new agency overseeing all aspects of aviation regulation. Instead, he is moving on to another role in the industry.
The tracker scandal was not an outlier for AIB. As the sad tale of the Belfry Funds shows, the bank has repeatedly put its own interests above those of its customers.
It may have been a coincidence, but the days surrounding the billionaire’s deal to acquire Twitter with the self-confessed goal of deregulating the platform saw a series of events going in the opposite direction in Europe.
The former Davy boss rightly argues that the Central Bank made no findings against individuals in the firm. But he neglects to mention that this was because of obsolete laws making it practically impossible. Will the government’s new legislation change the dynamic?
Davy will be hoping this blows over. Hopefully, it won’t. This is a bona fide scandal. Talk of cultural reform is all well and good, but it is hard to believe and hard to stomach.
Faced with the growing risks associated with false advertising and YouTube misinformation, the Silicon Valley giant is promising transparency through a new online safety centre located where its European business is based – here.
Gary McGann believes people need to see evidence of improvement if they are to regain trust in the establishment. In this candid interview, the business leader talks about politics, housing, betting and the highs and lows of his life in business.
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