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The tourism sector may play an increasingly important role in supporting long-term economic growth. That's according to the latest SME Monitor published today by Banking and Payments Federation of Ireland. Irish GDP grew by over 13 per cent in the first quarter of the year, largely driven by medical and pharmaceutical exports. Brian Hayes, Chief Executive of the BPFI, says the tourism sector could help to keep employment high... Alan has been speaking about this with Mark Nolan, President of the Shannon Chamber, former managing director of Dromoland Castle Hotel. Alan first asked Mark if he thought the tourism sector can realistically compensate for potential economic hits to high-value industries like medical and pharma, especially in terms of jobs and wages... To explore this further, Alan Morrissey was joined by Owner at Doolin Inn, Anthony Moloney. Photo(C): studioroman via canva
Ireland's inaugural Internet Governance Forum (IGF) took place last week, 22nd May in Dublin. This landmark event was hosted by .ie and organised by a multi-stakeholder team made up of experts that are passionate about internet governance. The event brought together experts from across business, government, education and civil society to work together to shape how the internet is managed in Ireland. The Internet Governance Forum (IGF), formally established by the United Nations in 2006, is a global initiative to promote open policy discussions that shape the future of the internet. Besides the Global IGF, many nations or regions host their own local IGF events to bring together the local internet community and discuss local internet policy issues. Ireland's trusted national domain registry, .ie, believes it is now time for Ireland as a digital nation, home to some of the world's leading tech companies and a strong internet ecosystem, to join the global conversation. This inaugural IGF in the country welcomed a variety of prolific speakers across government, academia, business and industry to engage with current and emerging trends surrounding internet governance and look ahead at Ireland's digital future. The predominant themes underpinning the IGF included regulating online spaces, moving beyond a compliance checklist focus, diversity and inclusion in internet governance, and ethical approaches to AI. One of the crucial areas of focus for the forum was the threat to cybersecurity across the globe, due in part to growing geopolitical uncertainty. Cybersecurity and Geopolitical Uncertainty The 20-year review of the World Summit on the Information Society (WSIS+20) is set to happen this year. The creation of the IGF is an outcome of the first WSIS, and its mandate is set to expire in 2025. It is crucial for Ireland to be a part of the global conversations around the future of how the internet is governed. In a time of such political and economic disruption, the digital world is also turning its focus to cybersecurity threats which have heightened amid ongoing geopolitical risk. The World Economic Forum has shown that cybercrime increases during times of global crisis, with major events like pandemics, wars, tariffs and climate change events often being used by opportunistic cyber criminals to capitalise on confused or well-intentioned individuals. During the Covid-19 outbreak in 2020, the online world experienced a 'cyber-pandemic' of its own. As so many individuals and businesses shifted online rapidly, bad actors were quick to take advantage of people's naivety and fear, with the scale and quantity of cyber-crime exploding from this point onwards. Closer to home, a 2025 report from the Banking and Payments Federation found that almost half of Irish adults (45%) report being targeted with more scam communications than the same time last year. At a time when innovation is accelerating, yesterday's forum explored the need for Ireland to maintain a people-centred approach to technology - through ethical AI, inclusive governance, and safer online spaces for all. Digital Divide Impact on Internet Governance The forum also addressed the ongoing problem of the digital divide in Ireland. .ie's 2024 Domain Profile Report, launched in January of this year, identified evidence of an ongoing digital divide based on location, size and sector, in particular for micro-SMEs with fewer than 10 employees.[iv] As digital policy decisions increasingly affect every part of our lives, the question of whose voices are heard in those decisions is more urgent than ever. Speakers at the forum explored ways in which Ireland can ensure that internet governance is inclusive, equitable, and accessible - particularly for marginalised, vulnerable, and underrepresented communities. David Curtin, Chief Executive at .ie said "Events like the IGF Ireland do more than spark conversation - they build connections and drive solutions. By bringing together stakehol...
Brian Hayes, CEO of the Banking and Payments Federation
The government has a target to build 41,000 homes by the end of this year. The Central Bank says it will only build 35,000. A separate report from the Banking and Payments Federation of Ireland predicts the government will miss its housing completion targets by 9,000 over the next two years. Minister for Housing James Browne.
Niamh Davenport, Head of Financial Crime with The Banking and Payments Federation of Ireland
Niamh Davenport, Head of Financial Crime with The Banking and Payments Federation of Ireland
According to the Banking and Payments Federation, a measly 28% considered moving their home loans over the past year, even though interest rates are now coming down. Even though it may not be in the best interests of all its members the BPFI is launching a new website to promote switching called InYourInterest.ie and promoting a standardised salary certificate. We got the details from Brian Hayes the Chief Executive of the BPF.
Almost €25 billion worth of cashless payments are made every year, according to a new report from the Banking and Payments Federation. We ask does cash remain king with Independent TD Mattie McGrath and Founder of Money Doctors.ie John Lowe.
Almost €25 billion worth of cashless payments are made every year, according to a new report from the Banking and Payments Federation. We ask does cash remain king with Independent TD Mattie McGrath and Founder of Money Doctors.ie John Lowe.
The Banking and Payments Federation Ireland's latest Housing Market Monitor shows that demand for home purchases remains robust but the increasing share of apartments in new housing developments may affect the speed of housing delivery in 2024 Ali Ugur, Chief Economist with the BPFI talked us through the findings.
The Banking and Payments Federation Ireland's latest Housing Market Monitor shows that demand for home purchases remains robust but the increasing share of apartments in new housing developments may affect the speed of housing delivery in 2024 Ali Ugur, Chief Economist with the BPFI talked us through the findings.
Brian Hayes, CEO of the Banking and Payments Federation
Features the account of a retired doctor who came close to falling foul of fraudsters & Gillian Heffernan of the Banking and Payments Federation.
Brian Hayes, CEO, Banking and Payments Federation
Niamh Davenport, Head of Financial Crime with the Banking and Payments Federation of Ireland
Discussing why we all need to be scam aware after a man became a fraud victim for the second time losing thousands of his hard-earned cash – we speak with the Banking and Payments Federation of Ireland on a new awareness campaign aiming to tackle the ‘worrying trend' that singles out people who have already been hit Today is World Ovarian Cancer day and we raise awareness with Charleville woman Anne Herlihy who herself is battling ovarian cancer Minister for Agriculture Charlie McConalogue joins Patricia Our Garda File We look ahead to the second semi final of EurovisionMacroom to party this Saturday for the Eurovision Final Hosted on Acast. See acast.com/privacy for more information.
Niamh Davenport, head of financial crime at the Banking and Payments Federation, warns that people who have previously fallen victim to investment fraud are being scammed again by fraudsters who are are promising to recover their lost money.
There are calls for urgent clarity of the mortgage value of Clare homes impacted by pyrite after remedial works are carried out. It follows a meeting held between the Clare Pyrite Action Group, the Department of Housing and the Banking and Payments Federation on the matter. Just three grants have so far been paid out here under the enhanced defective blocks scheme and it's understood the Department have refused to commit to a proposal that provide homeowners with early capital funding. Clare Pyrite Action Group Chair and Crusheen based Sinn Féin local election candidate Dr Martina Cleary says it's unacceptable.
With the use of cash declining in recent years, a trend accelerated by the pandemic, the Access to Cash Bill is designed to manage future cash demand here, initially preserving the cash infrastructure at December 2022 levels.To discuss the Access to Cash Bill and its potential impact on the three retail banks (AIB, Bank of Ireland and PTSB), Ciarán Hancock is joined by CEO of the Banking and Payments Federation of Ireland, Brian Hayes. Also on this episode, Irish Times Economics Correspondent Eoin Burke-Kennedy explains the factors behind the Central Bank's prediction that real wages for the average employee will rise by almost 9 per cent over the next three years.Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.
With the use of cash declining in recent years, a trend accelerated by the pandemic, the Access to Cash Bill is designed to manage future cash demand here, initially preserving the cash infrastructure at December 2022 levels.To discuss the Access to Cash Bill and its potential impact on the three retail banks (AIB, Bank of Ireland and PTSB), Ciarán Hancock is joined by CEO of the Banking and Payments Federation of Ireland, Brian Hayes. Also on this episode, Irish Times Economics Correspondent Eoin Burke-Kennedy explains the factors behind the Central Bank's prediction that real wages for the average employee will rise by almost 9 per cent over the next three years.Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.
Love is in the air as valentines looms ahead, but it's worth remembering last year, 74 online romance scams were reported to gardaí, with a total of €1.9m taken. To discuss further Emmet spoke to Niamh Davenport, Head of Financial Crime at the Banking and Payments Federation of Ireland.
Many different scams managed to dupe investors into giving over €9 million in 2023.Niamh Davenport, Head of Financial Crime with the Banking and Payments Federation joined The Last Word with Dermot Williams, managing director, Threatscape.Catch the full chat by pressing the 'Play' button on this page.
Brian Hayes, CEO, Banking and Payments Federation, Ireland
As world leaders gather for the third day of the COP28 UN climate summit in Dubai, closer to home, the Central Bank is calling on lenders to factor in climate risk when assessing loan applications. To discuss what this all means for Irish businesses and consumers, I'm joined by Brian Hayes, chief executive of the Banking and Payments Federation.
A Clare Real Estate Agent claims the record increase in mortgage approvals doesn't reflect housing accessibility in this county. New data from the Banking and Payments Federation shows that 30,508 mortgages have been approved so far this year, with 63% going to first time buyers. At present in Clare a household hoping to purchase a one bedroom apartment via a mortgage would be €364 per month better off than renting the equivalent property. Diarmuid McMahon from Sherry Fitzgerald McMahon in Ennis says however that the number of landlords exiting the market is extremely concerning.
Yesterday we heard that unemployment rose to 4.8% in Ireland. Despite that many economists describe the country as having almost full employment. That has created skills shortages for many companies, especially SMEs. That's reflected in the SME monitor out today from the Banking and Payments Federation. Speaking to Joe to discuss this further Brian Hayes the Chief Executive of the BPFI.
Fear has been expressed in Clare that the days of single-income families being able to buy their own homes have passed. It follows a recent survey which found that almost a third of young people want to own their home, but don't think they ever will. Recent research from the Banking and Payments Federation shows the desire for homeownership in this country remains strong. 85 per cent of renters surveyed say they want to, or expect to buy a home, and almost a third are expecting to do so in the next five years. Clare's Peace Commissioner believes for many young people the dream of home ownership is slipping away from them, but is not dead in the water yet. David Griffin, who's also a member of Young Fianna Fáil, says the days of single-income families being able to buy their own home have passed though. The Newmarket On Fergus native believes a way to close the gap between the average house price and average incomes needs to be found. The Ennis Branch Secretary of the Social Democrats is calling for a move away from developer-led solutions of the Government in favour of the state building its own social and affordable housing and affordable rental housing. Nearly two thirds of the adult population are already homeowners, but Hilary Tonge believes large numbers of older homeowners looking to downsize, but can't, due to lack of availability. She says if more smaller accommodation was available, it would free up family homes for young people.
Mortgage drawdowns have decreased 17% in volume and 12% in value in the space of a year. That's just one of the findings in the Banking and Payment Federation's Mortgage Drawdowns Report for Q2 2023. Brian Haynes, CEO of the Banking and Payments Federation of Ireland joined Emmet Oliver on the show.
Niamh Davenport, Banking and Payments Federation warns that smishing scams are becoming more prevalent
The number of mortgages approved fell by nearly 14% last month compared to April. It's down almost 10% year-on-year. But first-time buyers now account for more than 60% of the mortgage market. What can we glean from this latest data from the Banking and Payments Federation? Speaking to Joe this morning with more on this was Ali Ugar is the Chief economist with the Banking & Payments Federation.
The banking industry with support from MABS launched a nationwide campaign for customers concerned about mortgage repayments due to cost-of-living pressures. We get more details on the new support Pat was joined by Brian Hayes Ceo Of the Banking and Payments Federation and also Michelle O'Hara National Spokesperson for MABS.
Brian Hayes, CEO Banking & Payments Federation of Ireland
PJ talks to Niamh Davenport of the Banking and Payments Federation about the growing problem of data leaks and hacks. Hosted on Acast. See acast.com/privacy for more information.
Niamh Davenport, Head of Financial Crime with The Banking and Payments Federation of Ireland
Claire is joined by Brian Hayes, CEO, Banking & Payments Federation of Ireland.
Almost 55,000 mortgages to the value of €14.9 billion were approved last year, - that's according to a report today published by Banking & Payments Federation Ireland. Brian Hayes, Chief Executive of Banking & Payments Federation Ireland is the highest level since the data began in 2011 and he outlines the key findings.
Almost 55,000 mortgages to the value of €14.9 billion were approved last year, - that's according to a report today published by Banking & Payments Federation Ireland. Brian Hayes, Chief Executive of Banking & Payments Federation Ireland is the highest level since the data began in 2011 and he outlines the key findings.
As Energy costs continue to soar, new research from the Banking and Payments Federation of Ireland has shown that two-thirds of consumers have made at least one significant energy efficiency home improvement 42% of those surveyed said they had looked into solar power but were unlikely to make the investment in the next three years; Are we doing enough to encourage and support people to retrofit their homes? Duncan Stewart, Environmentalist & Architect spoke to Vincent with more on this.
As Energy costs continue to soar, new research from the Banking and Payments Federation of Ireland has shown that two-thirds of consumers have made at least one significant energy efficiency home improvement 42% of those surveyed said they had looked into solar power but were unlikely to make the investment in the next three years; Are we doing enough to encourage and support people to retrofit their homes? Duncan Stewart, Environmentalist & Architect spoke to Vincent with more on this.
Brian Hayes, Chief Executive of The Banking and Payments Federation of Ireland, discusses the figures from its quarterly report.
The Central Bank has eased mortgage lending rules for first-time buyers. First time buyers will be permitted to borrow four times their gross income from January, an increase from the current 3.5 times rate. Second time buyers will now need a 10% deposit when purchasing a property, down from the previous threshold of 20% Kieran was joined by consumer expert and presenter of The Home Show on Newstalk, Sinead Ryan and Chief Executive of the Banking and Payments Federation, Brian Hayes…
Brian Hayes, CEO of the Banking & Payments Federation of Ireland
€77,000 – that is the median total a couple had to buy their first home last year. The figures released by the Banking & Payments Federation represent an increase of 6 thousand euro since 2019. Brendan Burgess Founder of the consumer forum Ask about money.com joined Shane on the show this morning. Listen and subscribe to Newstalk Breakfast on Apple Podcasts or Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
€77,000 – that is the median total a couple had to buy their first home last year. The figures released by the Banking & Payments Federation represent an increase of 6 thousand euro since 2019. Brendan Burgess Founder of the consumer forum Ask about money.com joined Shane on the show this morning. Listen and subscribe to Newstalk Breakfast on Apple Podcasts or Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
We are joined by Brian Hayes, chief executive of the Banking and Payments Federation of Ireland, which describes itself as the voice of Banking in Ireland
Brian Finn speaks to Brian Hayes, CEO of the Banking & Payments Federation.
Brian Finn speaks to Brian Hayes, CEO of the Banking and Payments Federation.
Gill Stedman speaks to Brian Hayes, CEO, Banking & Payments Federation of Ireland.
How has the extraordinary result of the 2020 election gone down among investors, the financial sector and businesses? To talk about the election and its aftermath from an economic perspective, Ciaran is joined by Cliff Taylor and by Brian Hayes, head of the Banking and Payments Federation of Ireland and a former Fine Gael TD. Hosted on Acast. See acast.com/privacy for more information.