Ireland: Financial Sector Assessment Program: Technical Note-Financial Safety Net, Bank Resolution, and Crisis Management

September 29, 2016

Preview Citation

Format: Chicago

Ireland: Financial Sector Assessment Program: Technical Note-Financial Safety Net, Bank Resolution, and Crisis Management, (USA: International Monetary Fund, 2016) accessed November 12, 2024

Summary

This Technical Note discusses the findings and recommendations in the Financial Sector Assessment Program for Ireland regarding the financial safety net, bank resolution, and crisis management. The introduction of the “single rulebook” for financial services regulation within the European Union and the establishment of the banking union have transformed the Irish framework for dealing with failing banks. The new regime reflects an EU-wide initiative to strengthen supervision, harmonize prudential rules, and establish a uniform bank resolution regime. The Bank Recovery and Resolution Directive has significantly strengthened the resolution regime in Ireland and the European Union. Significant progress has also been made on the banking union, although key aspects remain to be completed.

Subject: Bank resolution, Bank resolution framework, Banking, Credit bureaus, Crisis management, Crisis resolution, Financial crises, Financial markets

Keywords: Bank recapitalization, Bank resolution, Bank resolution framework, Central Bank of Ireland, CR, Credit bureaus, Credit union, Crisis management, Crisis resolution, Europe, Financial support, Government stabilization tool, ISCR, Resolution authorities, Resolution authority, Resolution framework, Resolution period, Resolution plan, Resolution planning, Resolution scheme, Southern Europe, SPE resolution strategy, Stabilization tool, Uniform bank resolution regime

Publication Details

Pages:

44
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/313
Stock No:

1IRLEA2016007
ISBN:

9781475542196
ISSN:

1934-7685

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