Ireland: Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision
IMF Staff Country Reports, May 27, 2014
Source details
- Canonical URL
- Ireland: Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision
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Bibliographic details
- Published: May 27, 2014
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498313070.002
Assessment scope and methodology
- Reflects the regulatory and supervisory framework in place as of the date of the assessment.
- Prepared according to the Revised Core Principles Methodology issued by the Basel Committee of Banking Supervision (BCBS).
- The Irish authorities chose to be assessed against the Essential and Additional Criteria but to be graded against only the Essential Criteria.
Key findings and observations
- Although there is no observed interference, the legislation provides for the approval of the Minister for Finance for: setting the levy structure to fund supervision, denying a license application, involuntary revocation of a banking license.
- The Central Bank of Ireland (CBI) undertakes supervisory activities to understand the overall structure of the banking group for which it is ultimately responsible and supervises and monitors material activities (including nonbanking activities conducted by entities in the wider group, both domestic and cross-border).
Thematic coverage and subject areas
- Subjects: Banking, Credit, Credit risk, Financial regulation and supervision, Financial sector policy and analysis, Market risk, Money, Operational risk, Stress testing
- Keywords: business model, CR, Credit, credit institution, credit risk, Credit risk, Detailed assessment of OBSERVANCE, Europe, Global, internal audit, ISCR, Market risk, OBSERVANCE of Basel core principles, Operational risk, parent company, probability risk, risk management, risk mitigation program, risk profile, senior management, Stress testing
Content in this bundle
- _cr14135 — INTRODUCTION and Key Findings