Financial Regulatory

Solicitor MaryRose McGovern has been promoted to deputy financial services and pensions ombudsman. Finance Minister Paschal Donohoe yesterday appointed Ms McGovern to take up the new role as deputy ombudsman from 20 April 2020, as well as reappointing Ger Deering as the ombudsman.

The Court of Appeal has upheld the order of the High Court that the evidence of a loan servicer was inadmissible hearsay. The proceedings concerned the admissibility of the evidence adduced by Promontoria in its application for summary judgment against Gerry Burns and Anne Burns, and whether it was

A couple received €10,000 in compensation last year after €800 in legal fees was added to their mortgage loan account, a new report has revealed. The couple complained to the Financial Services and Pensions Ombudsman (FSPO) and their settlement was included as a case study in its overview

Dillon Eustace remains the leading legal adviser to Irish-domiciled funds, according to a new report. The firm advises more Irish funds than any other law firm and has continued to do so for over two decades, independent fund research company Monterey Insight said.

Financial regulators in Ireland and the US want institutions to speak up about culture change, a conference hosted by Eversheds Sutherland has heard. The law firm sponsored the well-attended "Regulating Banking Culture" conference at UCD Sutherland School of Law, which comprised a series of roundtab

A man who appealed against the High Court’s decision to grant summary judgment of €221,000 to Bank of Ireland Mortgage Bank has successfully argued that the bank provided insufficient details to be entitled to its claim. Chief Justice Frank Clarke said the obligation that “a defenda

Lenders must not add legal costs to mortgage accounts during repossession proceedings, the Central Bank of Ireland has warned. In a letter to lenders, the Central Bank said the application of legal costs "prior to the conclusion of repossession proceedings and prior to the decision by a court to awa

Three law students at Maynooth University have been awarded prizes for their contributions on the specialised funds law course delivered by Matheson as part of the LLM in international business law.

Ronan Daly Jermyn partner Darryl Broderick and solicitor Hilda Mannix examine two recent judgments clarifying the circumstances in which a loan purchase price would be disclosed to borrower litigants. In recent years, the sale of non-performing loan portfolios by banks and other credit institutions

Global legal business DWF has announced the appointment of Ruairí Mac Cumhaill as a banking and finance partner in Dublin. Mr Mac Cumhaill has more than 11 years' experience working with domestic and international financial institutions, alternative lenders and borrowers operating in Ireland,

An international team at Matheson recently advised two major financial firms in connection with the structuring and establishment of a $200 million receivables securitisation programme with Natixis. The firm advised Stenn, a UK-based non-bank trade finance leading provider specialised in cross-borde

The Central Bank of Ireland has launched an investigation into the legality of commercial banks adding legal fees to the mortgages of customers in arrears, even before court cases have concluded. More than 60,000 mortgage holders have been hit with legal fees running to tens of thousands of euro, th

A firm has been fined €280,000 in the first enforcement action taken against a stockbroker for breaches of the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010. Stockbroker Campbell O'Connor & Company has admitted five breaches between July 2010 and November 2016 relatin

The Irish Bank Resolution Corporation (IBRC) has had its application for the trial of a preliminary issue of law refused in the High Court. IBRC contended that a woman's claim for damages in relation to alleged negligent investment advice was statute-barred. However, Mr Justice Senan Allen said the

Julie Sadlier, solicitor at Kieran Mulcahy Solicitors in Limerick, writes on a recent ruling with potential significance for mortgage cases. Earlier this month, a decision from a High Court case was posted on the website of the Courts Service of Ireland. It didn’t warrant any huge public or me