Ireland: Financial Sector Assessment Program: Technical Note-Banking Supervision and Update on the Assessment of Observance of the Basel Core Principles

September 29, 2016

Preview Citation

Format: Chicago

Ireland: Financial Sector Assessment Program: Technical Note-Banking Supervision and Update on the Assessment of Observance of the Basel Core Principles, (USA: International Monetary Fund, 2016) accessed September 19, 2024

Summary

This Technical Note discusses the findings and recommendations made in the Financial Sector Assessment Program for Ireland in the areas of banking supervision and observance of the Basel core principles. The effective operational implementation of the Single Supervisory Mechanism (SSM) is well established in Ireland, and all authorities are actively engaged and committed to the new supervisory framework led by the European Central Bank. The SSM has further strengthened the prudential regulation and supervision of banks since the time of the 2013 assessment. The transition to the operational implementation of the SSM has not resulted in major gaps in banking supervision, but some transitional challenges remain.

Subject: Bank supervision, Banking, Basel Core Principles, Credit, Credit risk, Financial regulation and supervision, Money, Operational risk

Keywords: Bank supervision, Banking supervision, Basel Core Principles, Central Bank enforcement authority, Central Bank post-banking crisis, Central Bank staff, CR, Credit, Credit risk, ECB guideline, ECB harmonization exercise, ECB harmonization exercises advance, ECB oversight, ECB regulation, Europe, Inspection team, ISCR, Operational risk

Publication Details

Pages:

29
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/318
Stock No:

1IRLEA2016012
ISBN:

9781475542288
ISSN:

1934-7685

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