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2012 RBS Computer System Problems
The 2012 RBS computer system problems were technical issues affecting computers run by the Royal Bank of Scotland Group (now NatWest Group), including National Westminster Bank, The Royal Bank of Scotland and Ulster Bank, which began on 19 June 2012. In 2014, RBS was fined £42m over the incident. Cause A software update was applied on 19 June 2012 to RBS's CA-7 software which controls its payment processing system. It later emerged that the update was corrupted by RBS technical staff. Customers' wages, payments and other transactions were disrupted. Some customers were unable to withdraw cash using ATMs or to see bank account details. Others faced fines for late payment of bills because the system could not process direct debits. Stephen Hester, CEO of the RBS Group, said that the problem was caused by a software upgrade. Unite union leaders criticised Hester's management of the episode, but Hester denied that the outsourcing of IT services to India was a factor in the proble ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NatWest Group
NatWest Group plc is a British banking and insurance holding company, based in Edinburgh, Scotland. The group operates a wide variety of banking brands offering personal and business banking, private banking, investment banking, insurance and corporate finance. In the United Kingdom, its main subsidiary companies are National Westminster Bank, Royal Bank of Scotland, NatWest Markets and Coutts. The group issues banknotes in Scotland and Northern Ireland; , the Royal Bank of Scotland was the only bank in the UK to still print £1 notes. Before the 2008 collapse and the general financial crisis, the Group was very briefly the largest bank in the world, and for a period was the second-largest bank in the UK and Europe and the fifth-largest in the world by market capitalisation. Subsequently, with a slumping share price and major loss of confidence, the bank fell sharply in the rankings, although in 2009 it was briefly the world's largest company by both assets (£1.9 trillion) an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Governor Of The Bank Of England
The governor of the Bank of England is the most senior position in the Bank of England. It is nominally a civil service post, but the appointment tends to be from within the bank, with the incumbent grooming their successor. The governor of the Bank of England is also chairman of the Monetary Policy Committee, with a major role in guiding national economic and monetary policy, and is therefore one of the most important public officials in the United Kingdom. According to the original charter of 27 July 1694 the bank's affairs would be supervised by a governor, a deputy governor, and 24 directors. In its current incarnation, the bank's Court of Directors has 12 (or up to 14) members, of whom five are various designated executives of the bank. The 121st and current governor is Andrew Bailey, who began his term in March 2020. Governors of the Bank of England (1694–present) See also * Chief Cashier of the Bank of England * Deputy Governor of the Bank of England References ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consumers' Association Of Ireland
The Consumers' Association of Ireland Ltd. (CAI) was set up in 1966 to protect and educate consumers. Its first chair was Maude Rooney, who was also instrumental in the establishment of the Association. See also * ''Which?'' * Askaboutmoney, an Internet forum An Internet forum, or message board, is an online discussion site where people can hold conversations in the form of posted messages. They differ from chat rooms in that messages are often longer than one line of text, and are at least temporar ... for consumers in Ireland References External links * Non-profit organisations based in the Republic of Ireland Consumer organisations in Ireland {{Ireland-org-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Irish Independent
The ''Irish Independent'' is an Irish daily newspaper and online publication which is owned by Independent News & Media (INM), a subsidiary of Mediahuis. The newspaper version often includes glossy magazines. Traditionally a broadsheet newspaper, it introduced an additional compact size in 2004. Further, in December 2012 (following billionaire Denis O'Brien's takeover) it was announced that the newspaper would become compact only. History Murphy and family (1905–1973) The ''Irish Independent'' was formed in 1905 as the direct successor to ''The Irish Daily Independent and Daily Nation'', an 1890s' pro-Parnellite newspaper. It was launched by William Martin Murphy, a controversial Irish nationalist businessman, staunch anti-Parnellite and fellow townsman of Parnell's most venomous opponent, Timothy Michael Healy from Bantry. The first issue of the ''Irish Independent'', published 2 January 1905, was marked as "Vol. 14. No. 1". During the 1913 Lockout of workers, in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Irish Payment Services Organisation
The Irish Payment Services Organisation Limited (IPSO) was established in June 1997. IPSO was a company limited by guarantee owned by its member banks. Its primary objective was to preserve the integrity and security of the bank payment system in Ireland - the systems used for the settlement of physical cheques as well as ATM transfers and debit and credit card purchases. History and functions Domestic cheques had been cleared for almost 150 years by the Dublin Bankers' Clearing Committee, sending only cheques drawn on British banks for clearing in London. However, once it became clear that Ireland would join the Euro and that the United Kingdom would not do so, a formal domestic mechanism was needed to promote Irish payments interoperability and assist in the design of payment systems development, both for legacy paper instruments such as cheques and for electronic transfers such as ATM withdrawals, card payments, and internet payments. In particular IPSO was responsible fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Irish Bank Officials' Association
The Financial Services Union (FSU) is a trade union representing staff in the finance sector in the Republic of Ireland, Northern Ireland, and those employed by Irish financial institutions in Great Britain and overseas. History The origins of the union lie in a meeting at the Glentworth Hotel in Limerick Limerick ( ; ga, Luimneach ) is a western city in Ireland situated within County Limerick. It is in the province of Munster and is located in the Mid-West which comprises part of the Southern Region. With a population of 94,192 at the 2016 ... in 1917. This led to the formation of the Irish Bank Officials Association the following year at the Mansion House in Dublin. Always an all-Ireland organisation, since the 1960s, it has also represented employees of Irish banks in Britain.Financial Services Union,Almost a century of progress In 1992, the union-led a major strike. Although this led to a short-term drop in membership, in the long-term the union believes it helped ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lorraine Higgins
Lorraine Higgins (born 3 August 1979) is an Irish barrister, and a former Labour Party politician who represented the party in the 24th Seanad after being nominated by the Taoiseach Enda Kenny. From Galway, she is a graduate of NUI Galway (acquiring a B.A. from the university in 2001) and, later, the King's Inns. During her time there she was Labour Party Seanad spokesperson on Reform and Foreign Affairs. Career She ran as a candidate in the Galway East constituency at the 2011 general election. In May 2011, she was nominated by the Taoiseach Enda Kenny to the 24th Seanad. Higgins was a candidate for the Labour Party in the Midlands–North-West constituency for the 2014 European Parliament election but failed to take a seat during one of the worst elections for the Party. She did, however, get the most Party votes in all the constituencies they contested. In 2015, leading national publication, the Irish Times named her as one of the Top 5 People in Politics to Watch an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Seanad Éireann
Seanad Éireann (, ; "Senate of Ireland") is the upper house of the Oireachtas (the Irish legislature), which also comprises the President of Ireland and Dáil Éireann (the lower house). It is commonly called the Seanad or Senate and its members senators (''seanadóirí'' in Irish, singular: ''seanadóir''). Unlike Dáil Éireann, it is not directly elected but consists of a mixture of members chosen by various methods. Its powers are much weaker than those of the Dáil and it can only delay laws with which it disagrees, rather than veto them outright. It can introduce new legislation. It has been located, since its establishment, in Leinster House. Composition Under Article 18 of the Constitution, Seanad Éireann consists of 60 senators, composed as follows: * Eleven nominated by the Taoiseach. * Six elected by the graduates of certain Irish universities: ** Three by graduates of the University of Dublin. ** Three by graduates of the National University of Ireland. * Forty- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joan Burton
Joan Burton (born 1 February 1949) is a former Irish Labour Party politician who served as Tánaiste and Leader of the Labour Party from 2014 to 2016, Minister for Social Protection from 2011 to 2016, Deputy Leader of the Labour Party from 2007 to 2014, Minister of State at the Department of Foreign Affairs from 1994 to 1997 and Minister of State at the Department of Social Welfare from 1993 to 1994. She served as a Teachta Dála (TD) for the Dublin West constituency from 1992 to 1997 and 2002 to 2020. Burton was first elected to Dáil Éireann at the 1992 general election. From 1995 to 1997, she was Minister of State at the Department of Foreign Affairs. She lost her seat at the 1997 general election, but was re-elected to the Dáil at the 2002 general election. She was deputy leader of the Labour Party under Eamon Gilmore, between 2007 and 2014. She was Tánaiste (Deputy Prime Minister) from 2014 to 2016 and Minister for Social Protection from 2011 to 2016. She resigne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Minister For Social Protection
The Minister for Social Protection ( ga, An tAire Cosanta Sóisialta) is a senior minister in the Government of Ireland and leads the Department of Social Protection. The current Minister for Social Protection is Heather Humphreys. She is also Minister for Rural and Community Development and Minister for Justice. She is assisted by two Ministers of State: * Joe O'Brien, TD – Minister of State, with responsibility for Community Development and Charities; and *Damien English, TD – Minister of State, with responsibility for Redundancy and Insolvency Operations and Employer Services. Overview The position was created in 1947 as the Minister for Social Welfare. Its present title dates from 2020. The department formulates appropriate social protection policies and administers and manages the delivery of statutory and non-statutory schemes and services. It is also responsible for the delivery of a range of social insurance and social assistance schemes including provision for un ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Enda Kenny
Enda Kenny (born 24 April 1951) is an Irish former Fine Gael politician who served as Taoiseach from 2011 to 2017, Leader of Fine Gael from 2002 to 2017, Minister for Defence from May to July 2014 and 2016 to 2017, Leader of the Opposition from 2002 to 2011, Minister for Tourism and Trade from 1994 to 1997 and Minister of State at the Department of Labour and Department of Education with responsibility for Youth Affairs from 1986 to 1987. He served as Teachta Dála (TD) for Mayo West from 1975 to 1997 and for Mayo from 1997 to 2020. Kenny led Fine Gael to a historic victory at the 2011 general election, his party becoming the largest in the country for the first time, forming a coalition government with the Labour Party on 9 March 2011. He subsequently became the first Fine Gael member to be elected Taoiseach for a second consecutive term on 6 May 2016, after two months of negotiations, following the 2016 election, forming a Fine Gael-led minority government. He was the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Taoiseach
The Taoiseach is the head of government, or prime minister, of Republic of Ireland, Ireland. The office is appointed by the president of Ireland upon the nomination of Dáil Éireann (the lower house of the Oireachtas, Ireland's national legislature) and the office-holder must retain the support of a majority in the Dáil to remain in office. The Irish language, Irish word ''Wiktionary:taoiseach, taoiseach'' means "chief" or "leader", and was adopted in the 1937 Constitution of Ireland as the title of the "head of the Government or Prime Minister". It is the official title of the head of government in both English and Irish, and is not used for the prime ministers of other countries, who are instead referred to in Irish by the generic term ''príomh-aire''. The phrase ''an Taoiseach'' is sometimes used in an otherwise English-language context, and means the same as "the Taoiseach". The current Taoiseach is Leo Varadkar, Leo Varadkar TD, leader of Fine Gael, who again took offic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
