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The Central Bank has today published regulations and guidance for firms who have to comply with the Individual Accountability Framework (IAF). This is a set of rules governing the conduct of employees and executives in financial companies. It follows a three month consultation process. Derville Rowland, Deputy Governor of the Central Bank said: “As regulators,…

New figures from Kantar show that grocery inflation has fallen below 10% for the first time this year. Grocery inflation fell to 9.8% in the 12 weeks to October 29, down from 10.5% and marking the sixth month of falls in a row. Figures last week from the CSO showed that the annual rate of…

The fourth annual National Remote Working Survey has revealed that 44% of workers would change job, even if it means taking a pay cut, if their remote working preferences are not facilitated. This is an increase on the same finding in last year’s study, in which 30% of respondents said they would change jobs to…

New governance rules, which would see individuals being held accountable for willful wrongdoing in the financial sector, could stymie recruitment to senior executive positions within organisations, a survey of firms has found. The Individual Accountability Framework rules are being rolled out by the Central Bank and are due to come into operation over the coming…

Activity in the construction sector in Ireland slowed further last month. It is the fourth month in a row that activity has fallen. According to the BNP Paribas Real Estate Ireland Construction Total Activity Index, the pace of decline was solid and faster than that seen in September. A further reduction in activity on housing…

Skills shortages and the retention of talent remain among the key challenges facing organisations, a survey of employers conducted by recruitment specialists, Hays Ireland, has concluded. Almost all of the firms surveyed – 94% – said they had faced skills shortages in 2023, up slightly from the 92% who gave the same response last year.…

Rents being sought for properties on the open market nationally are continuing to increase, but there has been a continued slowdown in the rate of increase in Dublin, according to the latest daft.ie Rental Report. Rents on the open market are now 8% higher that they were a year ago, with the average market rent…

The Data Protection Commission (DPC) has warned the Government that new proposed structures for the organisation could slow down the pace of major data protection inquiries involving high-tech companies and other multinationals. In a pre-budget submission, the DPC said there “simply aren’t enough people” if plans for a new system of governance involving multiple committees…

New figures from the Central Statistics Office show that production in manufacturing industries decreased by 22% in the third quarter of this year compared to the same second quarter. But the CSO said that production in manufacturing industries rose by 1.3% in September compared with August. Meanwhile, on an annual basis, production in manufacturing industries…

The US Federal Reserve is prepared, if needed, to increase interest rates further in order to bring inflation down to its long-term 2% target, Fed Chair Jerome Powell has said. “We know that ongoing progress toward our 2% goal is not assured: Inflation has given us a few head fakes,” Powell told a conference in…