Ireland: Financial Sector Assessment Program-Technical Note on Banking Supervision

July 27, 2022

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Format: Chicago

Ireland: Financial Sector Assessment Program-Technical Note on Banking Supervision, (USA: International Monetary Fund, 2022) accessed September 18, 2024

Summary

This Technical Note discusses Ireland’s report on Banking Supervision. Supervision of less significant institutions is largely effective in Ireland. The Central Bank’s supervisory approach to LSIs is intrusive and well-developed supervisory tools are appropriately applied. The prudential regulation of banks has improved greatly since the 2016 Financial System Assessment Program. The EU framework has largely managed to embrace international regulatory reforms, following up on the causes of the Global Financial Crisis. The banking supervision has been tested by severe headwinds, with the final outcomes still in play. Supervision went through a period of major challenges for the economy and the financial system, namely from Brexit and the pandemic. The continued effectiveness of banking supervision in Ireland will depend on its success in solving several complicated problems. This note provides the main recommendations to enhance the supervision of the banking activities conducted in Ireland with a direct bearing on its financial stability.

Subject: Financial regulation and supervision, Health, International organization, Monetary policy

Keywords: Bank supervision, Broker-dealer supervision division, Business model, Central Bank approach, COVID-19, Credit risk, EU banking systems, Global, Supervision of the banking activity

Publication Details

Pages:

61
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2022/240
Stock No:

1IRLEA2022006
ISBN:

9798400216275
ISSN:

1934-7685

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