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BPFI Statement Re Central Bank Changes to Mortgages Measures Framework

Wednesday 19th October 2022 – Banking & Payments Federation Ireland (BPFI) notes today’s announcement by the Central Bank of Ireland in relation to changes to the Mortgage Measure Framework.

Speaking on the changes Brian Hayes, Chief Executive, BPFI said: “Today’s decision follows a focused review undertaken by the CBI on lending rules under the Macro-prudential Framework.

“BPFI and its members recognise the critical importance of ensuring the stability of the banking system while providing essential credit to potential home buyers and protecting Irish households from the risk of over-indebtedness. The sector recognises the role that the Macro-prudential Rules have played in ensuring more prudent lending, a reduction in the overall levels of consumer indebtedness, and the establishment of reasonable and transparent requirements expected of customers seeking mortgage approval. We support the implementation of the mortgage measures for those important reasons.

“BPFI members will be reviewing the changes announced today carefully, in preparation for their application from 1 January 2023.”


Banking & Payments Federation Ireland (BPFI) represents the banking, payments and fintech sector in Ireland.  Together with its affiliates, the Federation of International Banks in Ireland and the Fintech & Payments Association of Ireland, BPFI has 100 member institutions and associates, including licensed domestic and foreign banks and institutions operating in the financial marketplace here.

Contact: Jillian Heffernan, Director of Communications, 087 9016880