Mortgage Approvals – July 2017

Banking & Payments Federation Ireland (BPFI) has published the latest figures from the BPFI Mortgage Approvals Report for July 2017.*

The following are the key elements:

  • A total of 3,970 mortgages were approved in July 2017 – some 2,022 (50.9% of total volume) were for first-time buyers (FTBs) while mover purchasers accounted for 1,244 (31.3%)
  • The number of mortgages approved rose by 17% year-on-year and declined by 8% month-on-month.
  • The value of mortgages approved in July 2017 eqauted to €853 million – of which €424 million (49.7%) was accounted for by FTBs and €319 million (37.4%) by mover purchasers.
  • The value of mortgage approvals rose by 23.3% year-on-year and declined by 8.1% month-on-month.

Re-mortgage/switching approvals grew on a year-on-year basis with activity accounting for 7.5% of the value and 8% of the volume of mortgages.

Data collection for the BPFI Mortgage Approvals Report began in September 2012 covering the period from January 2011 onwards in respect of the market’s main mortgage lenders. The BPFI Mortgage Approvals Report July 2017  as well as the time series data file is available on the BPFI website here.

[*] Up to March 2017, approval figures had been based on the three-month moving average.  From April 2017, the base monthly data has been reported. The full time series of monthly data from January 2011 onwards is available on the BPFI website.

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: Keira Doyle, Head of Communications, 087 2694460

Vishing (Telephone) Scam

There are reports of consumers being cold-called by fraudsters claiming to be from their Bank.

Key Details

  • Fraudulent calls have been targeting customers trying to persuade them that their Credit / Debit Card have been compromised.
  • These scams will usually request a transfer of funds or disclosure of card/account details.
  • Other variants of the fraudulent calls involve the customer’s account being over credited and that the customer must transfer money back to a third party account.
  • Some fraudulent callers are also advising that the customers branch will not be aware of this call as it is being handled by a third party.

Red Flags 

To assist in identifying such calls please be aware:

  • Your Bank will never call you to ask for a refund of credit in this manner.
  • Your Bank will not request for a transfer to any third party accounts.

Action

Be wary of such calls, as they are not genuine.

  • If you suspect a call may be fraudulent you may hang up and call the phone number on the back of your card, or your local branch for verification
  • Make sure you hear a dial tone if calling from a landline or call from your mobile phone and tell them about your recent contact
  • Don’t transfer money out of your account unless you are doing so of your own accord – not being instructed to do so by a ‘caller’. Once your money leaves your bank account it is gone.

 

This is a general notice issued by the Financial Crime and Security Department of BPFI on behalf of BPFI members.

Disclaimer Note: The information contained in this Fraud Alert /Advisory is for general guidance and for information purposes only and is intended to enhance awareness and vigilance regarding this fraud.

SOLD OUT – The Changing Regulatory and Supervisory Environment Conference – SOLD OUT

This event is now sold out.

BPFI’s annual risk management and supervisory conference, in association with Mazars, is set to take place on Monday 27th November, in The Marker Hotel . This year’s conference entitled, ‘The Changing Regulatory and Supervisory Environment’ explores the continuing transformation of the supervisory and regulatory framework for financial institutions in Europe and internationally.

The industry has implemented and adjusted to wide-ranging developments with the introduction of the SSM and the SRB and the continuing legislative changes across the risk management and supervisory spectrum.

To add to this already expanding agenda, the European Commission’s Risk Reduction Package has introduced proposals across a wide range of areas. Managing the pace of these changes continues to be challenging for risk and compliance departments.

In the international sphere the work of the Basel Committee has stalled over the past year although recent reports have indicated that it won’t be long until agreement is reached and the operational risk, credit risk and other changes under ‘Basel IV’ will be introduced.

The corresponding effect of this on business models and the real economy is still unclear with concerns that the revised Basel rules will lead to increased capital requirements for financial institutions.

This year’s conference will bring together speakers from the European Commission, the ECB, the Single Resolution Board and industry to address the following topics:

  • European and International Regulatory Environment
  • Developments in the SRB and the future Agenda
  • Supervisory Perspective
  • Challenges and Opportunities from a Banking Perspective
  • Impact of Recent Regulatory Changes on Financial Services

Bookings
For individual bookings, please click on the ‘Book Now’ button. For organisations wishing to send several of their team, we are pleased to offer further discounts for group bookings (applicable where all attendees are employed by the same organisation and are registered under one booking):

4 for the price of 3
7 for the price of 5
10 for the price of 7
For groups of 12 or more, every second delegate attends free of charge

To take advantage of this opportunity, please complete the registration form available here and send it to Lisa Shevlin at events@bpfi.ie

Cyber Conference – SOLD OUT

This event is now sold out!

Hardly a day goes by without news of another cyber breach or incident. A successful online or cyberattack could cause significant financial, operational and reputational risk issues for businesses, as a result organisations are having to invest more money and effort to make cyberspace safer for themselves and their customers.

With this in mind, Banking & Payments Federation Ireland (BPFI), in association with Deloitte, will host a half day Cyber Conference on Thursday 5th October 2017 in The Shelbourne Hotel, Dublin 2.

While the financial sector developed some of the most sophisticated defence and risk mitigation capabilities in this space, the threat landscape has become more complex due to rapidly evolving attack vectors.

The sector needs to continue to mitigate against the evolving threats and cyber risks by better understanding what peer banks, institutions, law enforcement and others are currently developing and implementing in order to better combat counter ,detect, prepare and respond to the on-going challenges.

This half day conference will cover various aspects of cybercrime and cybersecurity plus touching on existing legislative measures e.g. NIS Directive, GDPR and PSD 2, providing members with valuable global insights, including strategic approaches from key decision makers and key cyber security experts in order to try to better secure the digital assets and infrastructure of the entity, its customer base, stakeholders and staff.

Full agenda available here

Bookings
For individual bookings, please click on the ‘Book Now’ button below. For organisations who wish to send several of their team, we are pleased to offer further discounts for group bookings (applicable where all attendees are employed by the same organisation and are registered under one booking):
4 for the price of 3
7 for the price of 5
10 for the price of 7
For groups of 12 or more, every second delegate attends free of charge

To take advantage of this opportunity, please complete the group registration booking form and send it to Lisa Shevlin at events@bpfi.ie

Check if you are a member here.

National Banking Conference 2017: Transforming Banking for Customers

Banking and Payments Federation Ireland is set to deliver a most engaging programme under the theme of Transforming Banking for Customers at its National Banking Conference 2017, on Friday 20th October at The Marker Hotel, Dublin.

Through a series of keynote speeches, panel discussions and a banking roundtable, the drivers of transformation and the challenges and opportunities presented will be comprehensively addressed.  Leading bankers, policy makers, regulators and analysts from home and abroad will speak to two principal topics: how banking is actually being transformed; and how regulation is being harnessed in support of that process.

Moderated discussions throughout will ensure that attendees will get the most out of this flagship event in the banking calendar.

Among the key speakers confirmed are Alex Weber, Head of International Markets, N26 and the EU Commission’s  John Berrigan, Deputy Director General, Financial Stability, Financial Services and CMU.

You can download the full agenda here

Bookings
For individual bookings, please click on the ‘Book Now’ button to the right. For organisations wishing to send several of their team, we are pleased to offer further discounts for group bookings (applicable where all attendees are employed by the same organisation and are registered under one booking):

4 for the price of 3
7 for the price of 5
10 for the price of 7
For groups of 12 or more, every second delegate attends free of charge

To take advantage of this opportunity, please complete the registration form available here and send it to Lisa Shevlin at events@bpfi.ie

Sold Out – GDPR Conference _ Sold Out

Unfortunately our conference is now sold out.

 

As the date upon which the GDPR will come into force draws closer (25 May 2018), BPFI, in association with Mason Hayes & Curran, is pleased to announce that it will be facilitating a half day GDPR Conference for the banking industry. This conference will take place on Tuesday 19th September in The Marker Hotel from 9.00am – 12.15pm.

The GDPR will replace the existing data protection framework and is designed to result in a single uniform set of data protection rules applying across the EU. The GDPR increases obligations on controllers/ processors and affords new rights to data subjects.

CPD Hours
•  3 hours – LCOI, Professional Banker, Chartered Banker, Certified Bank Director, FCOI (Compliance)
•  2.5 hours – QFA, CPD Member, RS CPD Member
•  2 hours – CDPO

Bookings
For individual bookings, please click on the ‘Book Now’ button below. For organisations who wish to send several of their team, we are pleased to offer further discounts for group bookings (applicable where all attendees are employed by the same organisation and are registered under one booking):
4 for the price of 3
7 for the price of 5
10 for the price of 7
For groups of 12 or more, every second delegate attends free of charge

To take advantage of this opportunity, please complete the group registration form available here and send it to Lisa Shevlin at events@bpfi.ie.

Check if you are a member here.

Mortgage Drawdowns Q2 2017

  • 8,000 mortgages to a value of €1.65 billion drawn down in Q2 2017
  • Loan volumes in Q2 2017 up 17.6% year-on-year and 15.3% quarter-on-quarter
  • Values over the same period up 28.1% year-on-year and 18.2% quarter-on-quarter

Banking & Payments Federation Ireland’s (BPFI) Mortgage Drawdowns report, published today, shows that 8,000 new mortgages to the value of €1.65 billion were drawn down by borrowers during the second quarter of 2017.

These latest figures represent increases of 17.6% in volume and 28.1% in value compared to the corresponding second quarter of 2016.  They also represent increases of 15.3% in volume and 18.2% in value on the previous quarter (Q1 2017).

First-time buyers (FTBs) remain the single largest segment by volume (49.8%) and by value (48.4%).  Together, FTBs and mover-purchasers accounted for 85.3% of the total value of mortgages drawn down.

The volume and the value of re-mortgage/switching loans continue to increase – albeit from low levels: there were 675 re-mortgage/swtiching loans in Q2 2017 to the value of €154 million. This reflects year-on-year growth of 37% in volume and 43% in value.

The BPFI Mortgage Drawdowns report can be viewed on the web here.

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, 087 9016880