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Banking And Payments Federation Ireland
The Banking and Payments Federation Ireland (BPFI) is the main representative body for the banking and financial services sector in Ireland. The BPFI was formed in 2014 from the merger of the Irish Payment Services Organisation with the Irish Banking Federation (IBF). Its predecessor, the Irish Banking Federation, was founded in 1973 upon Ireland's accession to the European Communities. The IBF in turn succeeded the Irish Banks Standing Committee established upon independence in 1922. Former Fianna Fáil Senator and Party General Secretary Pat Farrell is the chief executive. The group comprises domestic and international banks and financial services institutions operating in Ireland, and works with members, government, the Central Bank of Ireland and other groups to support the development and growth of the banking sector in Ireland. In 2009, the group ran seminars for the Irish financial services industry on data protection, customer relationship management and fraud prevention. ...
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Banking
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ...
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Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ...
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Ireland
Ireland ( ; ga, Éire ; Ulster Scots dialect, Ulster-Scots: ) is an island in the Atlantic Ocean, North Atlantic Ocean, in Northwestern Europe, north-western Europe. It is separated from Great Britain to its east by the North Channel (Great Britain and Ireland), North Channel, the Irish Sea, and St George's Channel. Ireland is the List of islands of the British Isles, second-largest island of the British Isles, the List of European islands by area, third-largest in Europe, and the List of islands by area, twentieth-largest on Earth. Geopolitically, Ireland is divided between the Republic of Ireland (officially Names of the Irish state, named Ireland), which covers five-sixths of the island, and Northern Ireland, which is part of the United Kingdom. As of 2022, the Irish population analysis, population of the entire island is just over 7 million, with 5.1 million living in the Republic of Ireland and 1.9 million in Northern Ireland, ranking it the List of European islan ...
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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 ...
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1973 Enlargement Of The European Communities
The 1973 enlargement of the European Communities was the first enlargement of the European Communities (EC), now the European Union (EU). Denmark, Ireland and the United Kingdom (UK) acceded to the EC on 1 January 1973. Gibraltar and Greenland also joined the EC as part of the United Kingdom and Denmark respectively, but the Danish Faroe Islands, the other British Overseas Territories and the Crown dependencies of the United Kingdom did not join the EC. Ireland and Denmark both held referendums in 1972 in May and October respectively, and the United Kingdom held a referendum in 1975, on membership of the EC, all which approved membership of the EC. Norway planned to accede, but this was rejected in a referendum held in September 1972. In 1992 Norway again applied to join, but voters again rejected the proposal in a 1994 referendum. Greenland later withdrew from the EC on 1 January 1985 after a referendum in 1982. This was followed by the United Kingdom holding a referendum ...
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European Communities
The European Communities (EC) were three international organizations that were governed by the same set of institutions. These were the European Coal and Steel Community (ECSC), the European Atomic Energy Community (EAEC or Euratom), and the European Economic Community (EEC); the last of which was renamed the ''European Community'' (''EC'') in 1993 by the Maastricht Treaty establishing the European Union. The European Union was established at that time more as a concept rather than an entity, while the Communities remained the actual subjects of international law impersonating the rather abstract Union, becoming at the same time its first pillar. In the popular language, however, the singular ''European Community'' was sometimes inaccurately used interchangeably with the plural phrase, in the sense of referring to all three entities. The European Coal and Steel Community ceased to exist in 2002 when its founding treaty expired. The European Community was merged with the seco ...
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Constitution Of The Irish Free State
The Constitution of the Irish Free State ( ga, Bunreacht Shaorstát Eireann) was adopted by Act of Dáil Éireann sitting as a constituent assembly on 25 October 1922. In accordance with Article 83 of the Constitution,''Moore v Attorney General''
1 I.R.
the Irish Free State Constitution Act 1922 of the British Parliament, which came into effect upon receiving the royal assent on 5 December 1922, provided that the Constitution would come into effect upon the issue of a

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Fianna Fáil
Fianna Fáil (, ; meaning 'Soldiers of Destiny' or 'Warriors of Fál'), officially Fianna Fáil – The Republican Party ( ga, audio=ga-Fianna Fáil.ogg, Fianna Fáil – An Páirtí Poblachtánach), is a conservative and Christian-democratic political party in Ireland. The party was founded as an Irish republican party on 16 May 1926 by Éamon de Valera and his supporters after they split from Sinn Féin in the aftermath of the Irish Civil War on the issue of abstentionism on taking the Oath of Allegiance to the British Monarchy, which de Valera advocated in order to keep his position as a Teachta Dála (TD) in the Irish parliament, in contrast to his position before the Irish Civil War. Since 1927, Fianna Fáil has been one of Ireland's two major parties, along with Fine Gael since 1933; both are seen as centre-right parties, to the right of the Labour Party and Sinn Féin. The party dominated Irish political life for most of the 20th century, and, since its fo ...
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Pat Farrell
Patrick Farrell is an Irish businessman and a former chief executive of the Irish Banking Federation. Career Farrell has been Head of Marketing and Communications and General Manager retail operations at EBS Building Society, Chief Executive at Galway's Galvia Private Hospital and General Manager at Sligo Regional Hospital. He is Chairman of Sightsavers International (Ireland) and is a board member of FOLD Ireland. Farrell was appointed as Head of Group Corporate Communications and Government Relations at Bank of Ireland in May 2013. He retired in March 2019. Farrell was the chief executive of the Irish Banking Federation. He was appointed in January 2004. As well as this he was a member of the Executive Committee of the European Banking Federation, representing the interests of commercial banks across the continent. In March 2019, Farrell became chief executive of property group Irish Institutional Property. Political office Farrell was General Secretary of Fianna Fáil b ...
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Central Bank Of Ireland
The Central Bank of Ireland ( ga, Banc Ceannais na hÉireann) is Ireland's central bank, and as such part of the European System of Central Banks (ESCB). It is the country's financial services regulator for most categories of financial firms. It was the issuer of Irish pound banknotes and coinage until the introduction of the Euro currency, and now provides this service for the European Central Bank. The Central Bank of Ireland was founded on 1 February 1943, and since 1 January 1972 has been the banker of the Government of Ireland in accordance with the Central Bank Act 1971, which can be seen in legislative terms as completing the long transition from a currency board to a fully functional central bank. Its head office, the Central Bank of Ireland building, was located on Dame Street, Dublin from 1979 until 2017. Its offices at Iveagh Court and College Green also closed down at the same time. Since March 2017, its headquarters are located on North Wall Quay, where the pu ...
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European Banking Federation
The European Banking Federation is a trade association representing national banking associations in countries of the European Union and the European Free Trade Association. It represents over 3500 banks and about 2.6 million employees. It was established in 1960. Members In November 2022 the members were: *Austria - The Austrian Bankers' Association *Belgium - Febelfin *Bulgaria - Association of Banks in Bulgaria *Croatia - Croatian Banking Association *Cyprus - Association of Cyprus Commercial Banks *Czech Republic - Czech Banking Association *Denmark - Finance Denmark - FD *Estonia - The Estonian Banking Association *Finland - The Federation of Finnish Financial Services *France - French Banking Federation *Germany - Bundesverband deutscher Banken *Greece - The Hellenic Bank Association *Hungary - The Hungarian Banking Association *Iceland - Icelandic Financial Services Association *Ireland - Irish Banking Federation *Italy - Italian Banking Association *Latvia - As ...
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International Banking Federation
International is an adjective (also used as a noun) meaning "between nations". International may also refer to: Music Albums * ''International'' (Kevin Michael album), 2011 * ''International'' (New Order album), 2002 * ''International'' (The Three Degrees album), 1975 *''International'', 2018 album by L'Algérino Songs * The Internationale, the left-wing anthem * "International" (Chase & Status song), 2014 * "International", by Adventures in Stereo from ''Monomania'', 2000 * "International", by Brass Construction from ''Renegades'', 1984 * "International", by Thomas Leer from ''The Scale of Ten'', 1985 * "International", by Kevin Michael from ''International'' (Kevin Michael album), 2011 * "International", by McGuinness Flint from ''McGuinness Flint'', 1970 * "International", by Orchestral Manoeuvres in the Dark from '' Dazzle Ships'', 1983 * "International (Serious)", by Estelle from '' All of Me'', 2012 Politics * Political international, any transnational organization of ...
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