Ireland: Financial System Stability Assessment

July 28, 2016

Preview Citation

Format: Chicago

Ireland: Financial System Stability Assessment, (USA: International Monetary Fund, 2016) accessed September 20, 2024

Summary

This paper discusses key findings of the Financial System Stability Assessment for Ireland. The Irish financial system has strengthened significantly since the crisis and undergone major structural changes. Important vulnerabilities in the banking system relate to the real-estate sector, some parts of the corporate sector, the sovereign, and funding in pound sterling. Pockets of weakness remain, notably among highly leveraged households and smaller domestic firms. Over the medium term, technological innovations and shifts in competitive pressures will throw up challenges to the profitability of both banks and nonbank financial institutions. The U.K. vote to leave the EU is also very likely to have negative effects on the Irish financial system.

Subject: Bank resolution framework, Banking, Commercial banks, Credit, Financial crises, Financial institutions, Financial sector policy and analysis, Liquidity requirements, Loans, Money, Stress testing

Keywords: Banking system, Central bank, Commercial banks, CR, Credit, Europe, Excl. bank support, Financial institution, Financial system, Global, ISCR, Loans, Money market fund, Mortgage market, Portfolio turnover, Pound sterling, Return on assets, Sovereign bond, Stress testing

Publication Details

Pages:

48
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/258
Stock No:

1IRLEA2016004
ISBN:

9781475517965
ISSN:

1934-7685

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