Government urged to scrap home loan scheme over fears it will drive up prices
Central Bank joins the chorus of voices urging the minister to remove controversial scheme from its Affordable Housing Bill
Housing minister Darragh O Brien is under pressure from a wide range of organisations from the Central Bank to the auctioneers institute as well as opposition parties, to scrap the shared equity loan scheme.
Tue, 16 Mar, 2021 - 06:30
Elaine Loughlin, Deputy Political Editor
The Government is under pressure to scrap its controversial housing loan scheme after the Central Bank warned it could push up house prices.
Darragh O Brien, the housing minister, has been urged to focus on other measures instead of the shared equity scheme, which he has been strongly pushing despite widespread concerns and criticism.
Paschal Donohoe: Davy should make public statement on €4.1m fine
Fine is largest handed out to an Irish stockbroker but no personal sanctions imposed
Finance Minister Paschal Donohoe. Picture: Brian Lawless/PA Wire
Wed, 03 Mar, 2021 - 10:03
Paul Hosford, Political Correspondent
Finance Minister Paschal Donohoe has said Davy Stockbrokers should make a public statement on the circumstances around the record-breaking fine it was hit with on Tuesday.
The Central Bank imposed a €4.1m fine the largest ever handed out to an Irish stockbroker after Davy failed to supervise a group of 16 of its own employees in their personal account dealings in the sale of Anglo Irish bonds for a client of the firm in late 2014.