Ireland: Extended Arrangement-Interim Review Under the Emergency Financing Mechanism
IMF Staff Country Reports, February 9, 2011
Source details
- Canonical URL
- Ireland: Extended Arrangement-Interim Review Under the Emergency Financing Mechanism
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Bibliographic details
- Published: February 9, 2011
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781455217779.002
Overview
- The Executive Board approved a three-year Extended Arrangement under the Extended Fund Facility (EFF) for Ireland under the exceptional access policy and Emergency Financing Mechanism (EFM).
- Publication date: February 9, 2011.
- Noted context: Political developments have been turbulent.
Key findings and assessments
- The authorities are moving ahead with a comprehensive strategy to restore confidence in the banking sector.
- The program objectives for the financial sector are described as simple and straightforward, but they require complex strategies for implementation.
- Efforts are under way to address data gaps and further strengthen data quality.
- Robust procedures for program monitoring have been established.
Financial sector focus
- Emphasis on restoring confidence in banks through a comprehensive strategy.
- Recognition that achieving program objectives will involve complex implementation strategies despite the objectives’ relative simplicity.
- Subject tags indicating primary technical areas covered:
- Asset and liability management
- Asset valuation
- Banking
- Capital adequacy requirements
- Commercial banks
- Credit
- Financial institutions
- Financial regulation and supervision
- Financial sector policy and analysis
- Money
- Stress testing
Keywords highlighted
- asset, asset market, Asset valuation, bank, bank capital, bank data, Capital adequacy requirements, capital ratio, Commercial banks, CR, Credit, ECB criteria, government, Ireland, ISCR, Stress testing
Content in this bundle
- _cr1147 - Section 1