Irish banks will continue to provide forbearance to customers on a case-by-case basis. This follows the (belated) confirmation from the European Banking Authority (EBA) that guidelines regarding payment moratoria are reactivated and apply to end-March 2021. Payment breaks in the Irish banking system have reduced materially since peak and new requests have fallen to extremely low levels. While payment breaks are a very useful initial measure to respond to a crisis, they should not be considered longer-term tools. It is sensible that the Irish banking system has reverted to assessing customers based on their circumstances and needs.
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J & E Davy, trading as Davy, is regulated by the Central Bank of Ireland. Davy is a member of the Irish Stock Exchange, the London Stock Exchange and Euronext. In the UK, Davy is authorised by the Central Bank of Ireland and authorised and subject to limited regulation by the Financial Conduct Authority. Details about the extent of our authorisation and regulation by the Financial Conduct Authority are available from us on request.