We held a virtual meeting of our Irish Committee last week, which included a presentation on the macro environment from Bank of Ireland’s head of inflation trading (available here). Highlights of the meeting are available here.
The Central Bank of Ireland has provided an interim update following its consultation on proposed leverage limits for real estate funds (you can see our response to CP145 here). Its June Financial Stability Review notes the “insightful” feedback received from the industry about the “complexities and potential impacts of the proposed measures”. We hope that the fact they are taking some extra time “carefully considering the feedback received” (a feedback statement is promised “in the second half of 2022”) will allow them to improve on their original proposals.