In addition, the value chains in which they participate mainly involve trade in durable goods, which have a high level of income elasticity.17 Second, CEE economies have increasingly specialised in certain industries, which may have made them more exposed to industry-specific shocks.
To date, the Central Bank has concluded an enforcement investigation in respect of tracker mortgage failures identified at Springboard Mortgages Limited and imposed a monetary penalty of € million on that entity in respect of the failures. The monetary penalty paid by the entity is the highest penalty ever collected by the Central Bank.