Ireland: Financial Sector Assessment Program-Technical Note on Stress Testing and Systemic Risk Analysis
November 9, 2022
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Ireland: Financial Sector Assessment Program-Technical Note on Stress Testing and Systemic Risk Analysis, (USA: International Monetary Fund, 2022) accessed December 22, 2024
Summary
The FSAP took place against the background of a fast-evolving financial sector in Ireland and heightened uncertainty in the global economy. The Irish financial landscape has undergone significant changes since the global financial crisis with increasing divergence between an innovative and fast-growing international finance sector and the retail banking sector that has been consolidating and faces post-GFC operating restrictions and increasing competition from non-bank players. In the meantime, both the global pandemic and Brexit have left uneven marks across the economy, while there are risks from the unwinding of public support that has softened COVID-19 shock’s impact on the economy. Going forward, various ongoing and emerging risks, such as persistent inflationary pressures, fueled by supply bottlenecks, and the war in Ukraine, may impede recovery, and magnify vulnerabilities to downside shocks.
Publication Details
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Pages:
163
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Volume:
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DOI:
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Issue:
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Series:
Country Report No. 2022/337
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Stock No:
1IRLEA2022013
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ISBN:
9798400224393
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ISSN:
1934-7685
