to be fair dave, consolidation of the 6 buildings into 1 office makes sense. also completing what is a blot on the liffey landscape can only enhance this area of dublin. Im sure rent and sales of the other properties can facilitate someway towards the move.

All on the provision we dont see some sort of union decision of a ‘movement or relocation’ allowance. Now that crap is ridiculous.

hmm maybe , but what are the plans for the (pretty large) Dame Street building ?? , do they really need the 6 offices at the moment ? As NIB and many other banks are closing retail branches who has identified what size and staffing are appropriate for a central bank on an island this size , and again there still seems to be no recognition that we moved most of the powers like setting interest rates etc away from the Central Bank. Im not against getting the anglo building sorted and I liked the recent suggestion that the bank of Ireland old parliament building might revert to state ownership and be turned into a library or museum etc , but for me some questions about the Central Bank pathetic performance of regulating our financial crisis still need some answering and ‘growing’ them into a shiny new development during the current crisis just looks pretty self serving to me.

Which is it Dave? Are they now powerless or should they have been able to prevent the financial crash?

Which is it because you seem to be implying both?

Dave before the crash the Financial Regulators office (a division of the Central Bank) numbered 30 staff. Matthew Elderfield is on record as saying financial regulation in Ireland needs somewhere in the region of 600 staff. After what has gone on here with the banks I’d much prefer there be 600 people on the Regulators team than 30.

@Paul Mc….well its a matter of fact that the single currency led to a reduction in functions for the Central Bank such as setting interest rates etc….and Its also a pretty evident matter of fact that their regulation was clearly very ineffective on a banking system that played no small part in the crash of our economy requiring them to be bailed out…so maybe to your mind they are either powerless or should have been able to regulate better and cant have been both , but actually there is a strong case to be made that after the single currency shifted responsibilities to the ECB then they should have been in a position to reorganise their regulatory functions and played a MUCH more effective role in the crisis. The article is actually about them buying new headquarters not their poor performance or policies, but I am just asking why they are been given a free pass to move and build new headquarters at this point in time when they appear to be getting off the hook for pretty appalling performance in the past decade.

with ya 100% on that Dave

Anglo never bought it the plan was to move hq there once it was built

Try reading the article rather than just the headline