May-20-2016 in Banking & Financial Services
The Central Bank Variable Rate Mortgages Bill passed the initial legislative stage in the Oireachtas on 18 May 2016 and will now move to committee stage for further discussion. The Bill proposes to introduce new powers for the Central Bank of Ireland allowing it to regulate standard variable interest rates being offered by financial institutions in Ireland.
See the Bill on the Oireachtas website here.
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