Ireland: Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision

May 27, 2014

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Format: Chicago

Ireland: Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision, (USA: International Monetary Fund, 2014) accessed September 18, 2024

Summary

This Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision on Ireland reflects the regulatory and supervisory framework in place as of the date of the assessment. This assessment has been prepared according to the Revised Core Principles Methodology issued by the Basel Committee of Banking Supervision (BCBS). The Irish authorities chose to be assessed against the Essential and Additional Criteria but to be graded against only the Essential Criteria. Although there is no observed interference, the legislation provides for the approval of the Minister for Finance for: setting the levy structure to fund supervision, denying a license application, involuntary revocation of a banking license. The Central Bank of Ireland (CBI) undertakes supervisory activities to understand the overall structure of the banking group for which it is ultimately responsible and supervises and monitors material activities (including nonbanking activities conducted by entities in the wider group, both domestic and cross-border.

Subject: Banking, Credit, Credit risk, Financial regulation and supervision, Financial sector policy and analysis, Market risk, Money, Operational risk, Stress testing

Keywords: Business model, CR, Credit, Credit institution, Credit risk, Credit risk, Detailed assessment of OBSERVANCE, Europe, Global, Internal audit, ISCR, Market risk, OBSERVANCE of Basel core principles, Operational risk, Parent company, Probability risk, Risk management, Risk mitigation program, Risk profile, Senior management, Stress testing

Publication Details

Pages:

283
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/135
Stock No:

1IRLEA2014001
ISBN:

9781498313070
ISSN:

1934-7685

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