Mortgage Market Conference 2015: Moving to the ‘New Normal’

Banking & Payments Federation Ireland hosted its annual mortgage market conference on Tuesday 10th March 2015 in the Westin Hotel, Dublin. This event brought together a range of informed stakeholders from home and abroad who examined the development of the ‘normalised’ mortgage market in Ireland while understanding the drivers of markets across Europe. A renewed and sustainable mortgage and housing environment is vital to underpin Ireland’s continued economic development. This conference provided insights on a number of European mortgage markets, while also examining the potential for long-term financing in Europe and the drivers of mortgage activity in Ireland. Topics of discussion  included the role of Macro Prudential policy, the balance between supply and demand for housing, the evolving mortgage market, and challenges and opportunities in long term financing/investment for growth. While the mortgage market has shown signs of stability, albeit at relatively-low levels of activity, lenders have recently introduced a number of consumer- led innovations which point to a more positive business environment. The conference closed with an open panel discussion involving some senior commentators/stakeholders as they explore the future shape of the housing and mortgage market in Ireland.

 

Gold Medals for Top Business Students

Four students from secondary schools around the country have been awarded with gold medals for their outstanding achievements in last year’s Junior and Leaving Certificate business exams. The winners were presented with their medals by Noel Brett, CEO, Banking & Payments Federation Ireland (BPFI) and Cathriona Hallahan, MD, Microsoft Ireland.

The Business Studies Teachers’ Association of Ireland (BSTAI) Achievement Awards, hosted by Banking & Payments Federation Ireland at their offices in Nassau Street, Dublin, recognises the top scoring students nationally in Accounting, Economics and Business at Leaving Certificate Level and Business Studies at Junior Certificate Level.

The winning students were as follows:

Leaving Certificate Business
Student: Lorcan McCann
School: St. Fintan’s High School, Sutton, Dublin 13
Teacher: Ms Jenny Marshall
Principal: Ms Mary Fox

Leaving Certificate Economics
Name: David Dalton
School: Heywood Community School, Ballinakill, Portlaoise, Co Laois
Teacher: Mr Paul Broderick & Ms Olivia O’Connor
Principal: Mr Philip Bowe

Leaving Certificate Accounting
Name: Conor Browne
School: Belvedere College, Great Denmark Street, Dublin 1
Teacher: Ms Rachel Keogh
Principal: Mr Gerry Foley

Junior Certificate Business Studies
Name: Jennifer Greally
School: Mount Mercy College, Model Farm Road, Cork
Teacher: Ms Mary Roche
Principal: Mr Padraigín O’Riordáin

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Note: Banking & Payments Federation Ireland is the voice of banking and payments in Ireland, representing over 70 member institutions and associates, including licensed domestic and foreign banks and institutions operating in the financial marketplace here.

Contact: Jillian Heffernan, Head of Communications, BPFI, ph: 01 474 8835 / 087 9016880

Bernard Byrne, Executive Director of the AIB Board, Appointed BPFI President

Bernard Byrne, Executive Director of the Allied Irish Banks (AIB) Board, has been appointed President of Banking & Payments Federation Ireland (BPFI) with immediate effect. This follows David Duffy’s announcement that he is to leave his position as Chief Executive of AIB and his decision to step down from the position of BPFI President.

Currently Director of Retail and Business Banking, Bernard joined AIB in May 2010 as Group Chief Financial Officer and member of the Bank’s Leadership Team. Since then he has held a number of leading director roles including Director of Personal, Business & Corporate Banking. He is also an Executive Director of AIB Board and a director of EBS.

A Chartered Accountant by profession, he joined PricewaterhouseCoopers (PwC) in 1988 and moved to ESB International in 1994, where he worked as Commercial Director for their International Investments division. From 1998 to 2003, he was Group Finance Director, and later the Deputy CEO of IWP International plc. From 2004 until he left to join AIB he was the Group Finance and Commercial Director of the ESB.

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Note: Banking & Payments Federation Ireland is the voice of banking and payments in Ireland, representing over 70 member institutions and associates, including licensed domestic and foreign banks and institutions operating in the financial marketplace here.

Contact: Jillian Heffernan, Head of Communications, BPFI, ph: 01 474 8835 / 087 9016880

 

Jonathon Lowey, JP Morgan CFO, Appointed Chairman of Federation of International Banks in Ireland (FIBI)

JP Morgan Ireland Chief Financial Officer (CFO), Jonathon Lowey, has been appointed Chairman of the Federation of International Banks in Ireland (FIBI) for a two-year term from 1st January 2015. He succeeds Eamonn Tuohy of Belfius Bank, who has completed his two-year term.

Jonathon is currently CFO of JP Morgan in Ireland and brings a wealth of experience to the role of FIBI Chairman. He was educated at Blackrock College, has a Bachelor’s and Master’s Degree in Economics from University College Dublin and a Diploma in Accounting from University of Ulster. He is a Fellow of Chartered Accountants Ireland and has over 20 years of experience in banking, asset management, the funds industry and auditing.

Prior to his appointment as CFO of JP Morgan Ireland, Jonathon held various senior roles in banking, asset management and auditing in both Ireland and Luxembourg with JP Morgan, Flemings, Deloitte and Grant Thornton.

“I am honoured to be appointed Chairman of FIBI and look forward to working closely with Ireland’s international banks and financial services institutions. I will be supporting the BPFI’s Chief Executive, Noel Brett and his team, in their efforts to build on the success of the current international banking sector ”, Jonathon said.

“The recent appointment of Minister Simon Harris TD with specific responsibility for international financial services, combined with a more positive outlook for the Irish economy, creates an ideal environment for the promotion of Ireland as an attractive location for financial services. I am looking forward to continuing the constructive engagement with the Minister that started in 2014”, he added.

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Note: The Federation of International Banks in Ireland (FIBI) is affiliated to Banking & Payments Federation Ireland (BPFI), which is the voice of banking and payments in Ireland – representing over 70 member institutions and associates including licensed domestic and foreign banks and institutions operating in the financial marketplace here.

Contact: Jillian Heffernan, Head of Communications, BPFI, ph: 01 474 8835 / 087 9016880