Banking & Payments Federation Ireland

DealingWithDebt.ie is a resource for customers who might be worried about mortgage, credit card or other loan repayments due to #CostOfLiving pressures. Initial eligibility criteria have also been agreed by main lenders for customers of credit servicing firms seeking to switch their home mortgage. Visit https://DealingWithDebt.ie for more information.

BPFI Personal Loans Report published today show record level of activity in personal loan drawdowns in Q2 2024 across all categories, with 60,674 loans issued, valued at €641 million. View more on https://lnkd.in/eh9hnSrV

Vasileios Madouros, Deputy Governor, Monetary & Financial Stability, Central Bank of Ireland will give a keynote address at the FIBI International Banking Conference - Looking forward after a year of elections on Wednesday 20 November The College Green Hotel Dublin. Conference details and booking available on http://bit.ly/4eIUb4b KPMG Ireland Matheson LLP IOB

The latest BPFI SME Monitor published today highlights a steep decline in labour productivity levels in key SME sectors such as construction, accommodation and food and calls for a move away from one-off State subsidies for SMEs to targeted investment in training and capital to ensure their long-term sustainability. View details on https://lnkd.in/ejpu_GUr #smes

New data from Department of Housing, Local Government and Heritage shows that there were 11,385 homes commenced in September 2024. Increase in September numbers mainly due to to the Uisce Éireann water and waste water connection charge rebate introduced in April 2023 for development commenced not later than 30 September 2024. Under the terms of the rebate scheme, these units must be complete by the end of 2026 to be eligible for the rebate on water charges. There has been 57,885 units commenced in the last twelve months to September 2024, up 93% compared with the prior twelve month period. #housing #commencements

The FIBI International Banking Conference - Looking forward after a year of elections on Wednesday 20th November The College Green Hotel Dublin has been accredited for CPD hours. Find out more and book on bit.ly/4eIUb4b KPMG Ireland Matheson LLP IOB

BPFI’s Mortgage Drawdowns Report for Q3 2024 and Mortgage Approvals Report for September 2024 published today show that drawdown volumes continued to grow in Q3 2024, increasing by 1.4% year on year. This growth was mainly driven by high FTB volumes, which comprised almost 60% (59.8%) of all drawdown volumes, as well as rising switching volumes, up 26.1% compared to the same quarter last year. View the reports on https://lnkd.in/eZFYsJte & https://lnkd.in/eQvtsQ7S

Join us as we discuss the updated geopolitical landscape, evolving regulatory climate, and assess the impact on international banks operating in Ireland at the FIBI International Banking Conference 2024 - Looking forward after a year of elections on Wednesday 20th November The College Green Hotel Dublin. Book now on https://bit.ly/4eIUb4b KPMG Ireland Matheson LLP IOB

Last day to buy early bird tickets to the FIBI International Banking Conference 2024 - Looking forward after a year of elections on Wednesday 20th November The College Green Hotel Dublin. Conference details and book now on https://bit.ly/4eIUb4b KPMG Ireland Matheson LLP IOB

This morning, our CEO @Brian Hayes was delighted to participate in the European Banking Federation panel discussion “Collaboration to fight fraud in payments and Better Protect Citizens” which was kindly hosted by Morten Løkkegaard. Banks have a clear role to play in preventing fraud, a commitment which the industry takes very seriously through a range of measures both at industry level and within each individual institution. To effectively combat fraud, some of the measures EU policymakers should consider in the EU’s new Payment Services regulation are: Collaboration: The financial services sector is the last line of defence on fraud but should not be the only line of defence. It is crucial to address the source and prevent scams from reaching consumers in the first place. Further cross collaboration work is needed and at a much larger scale with internet providers and social media companies. They have a significant role to play in blocking fraudulent websites, monitoring network traffic and taking down fake advertisements. Education and Awareness Campaigns: Through BPFI we have established a cross-industry education and awareness campaign called Fraudsmart where we regularly educate consumers on identifying fraud attempts, with a special focus on emerging threats like impersonation fraud and social engineering scams. Information Sharing: Key part to tackling fraud is for the industry to be able to share fraud information. Enabling collaboration and sharing of information about known fraudsters, fraud schemes and emerging trends allows the industry to act in real time and prevent the fraud from taking place. The benefit of a shared fraud database extends beyond prevention. It assists law enforcement to investigate and prosecute more effectively and protects customers who believe their identities may have been compromised. Thanks to fellow panellists Adine Wempe-Kalff, Maria Abascal and Agustín Reyna for the interesting discussion.