We hosted a “Banking Competitiveness – Next Steps for Europe” event this week at the House of the Euro in Brussels. Mícheál O'Keeffe (Director of Policy and International, Central Bank of Ireland) provided opening remarks while Oliver Gilvarry ACMA (Department of Finance) moderated a panel discussion with Almorò Rubin de Cervin (European Commission), Sharon Donnery (ECB), François-Louis Michaud (EBA) and Brian Hayes (BPFI). Topics ranged from integration and completing banking union, to simplification and harmonisation of the rulebook, and taking a holistic perspective on capital. This event provided a great opportunity to hear different views ahead of discussions in Dublin next week at Eurofi and ECOFIN.
Central Bank of Ireland
Banking
Our constant and predominant aim is the welfare of the people as a whole.
About us
Central Bank of Ireland serves the public interest by safeguarding monetary and financial stability and by working to ensure that the financial system operates in the best interests of consumers and the wider economy. We are committed to being an independent, forthright and influential organisation with a compelling, clear and challenging vision of being 'Trusted by the Public, Respected by our Peers, Fulfilling Workplace for our People'. For further information, please see our website - www.centralbank.ie - or follow us on Twitter @centralbank_ie
- Website
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http://centralbank.ie
External link for Central Bank of Ireland
- Industry
- Banking
- Company size
- 1,001-5,000 employees
- Headquarters
- Dublin 1
- Type
- Government Agency
- Founded
- 1943
- Specialties
- Monetary Policy & Operations, Financial Regulation, Financial Stability, Consumer Protection, Economic Policy & Statistics, and Payments Systems & Currency
Locations
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Primary
Get directions
New Wapping Street
North Wall Quay
Dublin 1, IE
Employees at Central Bank of Ireland
Updates
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The autumn meeting of our Financial Industry Forum – Innovation Subgroup took place at our Dockland Campus this week. Chaired by Mary-Elizabeth McMunn (Deputy Governor, Financial Regulation), the meeting provided for a constructive exchange between industry representative bodies and Central Bank of Ireland on topics such as: ➡️AI governance in financial services ➡️Our Innovation Sandbox and Hub ➡️The government’s Digital Identity Wallet initiative Thank you to all the participants for engaging so openly, and we look forward to continuing the conversations at the Spring meeting.
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We have published our annual Payment Fraud Statistics for 2025. Our data shows that the total value of fraudulent payments, reported by payment service providers, increased by 27.2% to over €179 million in 2025. While the overall number of fraud transactions rose only marginally, there was a significant increase in overall fraudulent payment value. ➡️Authorised push-payment fraud now accounts for almost half of payment fraud (45%), up from its share of 35.2% in 2024. ➡️Fraud affects around one in 10,000 payment transactions. ➡️ Cheques recorded the highest average fraud rate at €9,741 last year. ➡️Credit transfers recorded the second highest average fraud value at €2,412. ➡️E-money payments ranked third, with a notable spike from €692 to €1,427 in 2025. Card-based cash withdrawal fraud averaged €261 in 2025, while card payment fraud averaged €119. ➡️Cross-border payments, which involve payments sent to accounts located outside of Ireland, dominate payment fraud, accounting for 70% of the total fraudulent payment value and amounting to €125 million. Our “Can you spot a scam artist?” web page contains information on how to identify various types of scams, and how to protect yourself against them. Find links to our Payment Fraud Statistics and to our scams content in the comments.
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An bhfuil páirt glactha agat sa chomórtas do bhonn AE? Sheol Banc Ceannais na hÉireann bonn comórtha €2 le déanaí chun Uachtaránacht na hÉireann ar Chomhairle an Aontais Eorpaigh a chomóradh. Tá deis á tabhairt againn do dhaoine den phobal ceann de thrí fhoireann phrofa theoranta, a mbeidh an bonn nua iontu, a bhuachan. Tá na foirne seo díolta amach agus an-éileamh orthu ag bailitheoirí bonn agus ag daoine a bhfuil suim mhór acu i mboinn. Dúshlán simplí atá i gceist: ➡️ Aimsigh ceann de na boinn nua €2 atá i gcúrsaíocht. ➡️ Déan físeán nach faide ná 20 soicind ina nochtaítear an bonn ar bhealach cruthaitheach. Chun páirt a ghlacadh sa chomórtas, téigh go dtí https://lnkd.in/dxzDsUST
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It was a pleasure to host the annual Irish Society for Women in Economics (ISWE) conference at our Dockland Campus recently. With the theme “Diversity, Economics and Society”, this year’s conference featured papers from domestic and international researchers, with opening remarks from Mary-Elizabeth McMunn (Deputy Governor, Financial Regulation, Central Bank of Ireland), and keynote addresses from Philip R. Lane (Member of the Executive Board and Chief Economist, European Central Bank) and Vicky Pryce (Centre for Economics and Business Research). Sincere thanks to ISWE, all the speakers and the participants for what was a thoroughly engaging and insightful conference.
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At Central Bank of Ireland, we are developing a new strategy to guide our work from 2028 to 2032 – and we want to hear from you. Our current strategy, which runs until the end of 2027, has delivered significant progress in protecting consumers and strengthening financial stability. Building on this foundation, we are now planning for the next five years to ensure we remain fit and capable for the challenges and opportunities ahead. Watch Vasileios Madouros (Deputy Governor, Monetary and Financial Stability) discuss how you can help shape our future priorities. Find a link to Our New Strategy 2028 – 2032 survey in the comments.
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Have you joined the #EUCoinChallenge? Central Bank of Ireland launched a €2 commemorative coin recently to mark Ireland’s Presidency of the Council of the European Union. We are now giving members of the public a chance to win one of three limited edition proof sets, which include the new coin. These sets are sold out, and are coveted by coin collectors and enthusiasts. Our Challenge is simple: ➡️ Find one of the new €2 coins in circulation. ➡️ Create a video, of no longer than 20 seconds, where you reveal the hidden coin in as creative a way as possible. To join the challenge, see the link in the comments.
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The European Central Bank has revealed the ten shortlisted designs for new euro banknotes, and you are invited to have your say in an online survey. These design proposals are based on two different themes – “European culture” and “Rivers and birds”. Designers from all over Europe have reimagined how our new euro banknotes may look. Over 1,200 applications were received from graphic designers, and an independent jury, composed of 21 experts, shortlisted ten design proposals. Everyone in Europe can now have their say on these ten design proposals via an online public survey. The survey will remain open until 21 September 2026. Find links to the survey and to our Consumer Hub page in the comments below.
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As Europe and Ireland experience extreme heat this summer, our joint report with the Climate Change Advisory Council Ireland - featured as a case study by the International Climate Councils Network - is particularly timely. The report highlights the urgent need to scale up adaptation investment and finance in Ireland. Building climate resilience through these measures protects our economy, infrastructure, and financial stability from the growing costs of climate events.
This case study highlights the work of a joint report by Central Bank of Ireland and the Climate Change Advisory Council Ireland setting out the need to increase adaptation investment and finance in Ireland. We'll be sharing more case studies from climate councils advising on adaptation in run up to COP31. Without considerable progress in scaling investment in adaptation, we risk falling behind in building the resilience needed to withstand the economic costs of climate events. This includes supply chain disruptions and infrastructure damage, which can lead to inflation volatility and financial instability. Investing in climate resilience will deliver substantial economic and financial benefits. Adaptation measures reduce the losses from floods and extreme weather, safeguard jobs and productivity, and protect household wealth. However, despite favourable cost benefit ratios for adaptation spending, ranging from 2:1 to 12:1, only 35% of businesses worldwide currently have an adaptation plan in place. To effectively address climate adaptation needs, it is crucial to develop comprehensive cost estimates for adaptation investments required in both the short and long term. These estimates enable informed decisions to allocate resources effectively and clarify the roles of public and private sectors in financing adaptation efforts. A joint report from the Central Bank of Ireland and Ireland Climate Change Advisory Council identifies actions to overcome barriers and accelerate adaptation investment and finance, including increasing demand, scaling available finance, attracting private investment, improving access to funding, and fostering public-private collaboration. A link to the full report can be found here: https://lnkd.in/edqxEvKh
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Have you joined our #EUCoinChallenge? Governor Gabriel Makhlouf explains what the challenge is about and provides some information on the new €2 commemorative coin circulating in Ireland right now. Find it, film it, send it to us! See link in comments to join the challenge. #Ireland2026EU