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

IMF Staff Country Reports, September 29, 2016

Source details

Canonical URL

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

Other formats

• Markdown version
• Structured JSON version
• Bundle manifest

Bibliographic details

• Published: September 29, 2016
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781475542288.002

Summary and key findings

• The Technical Note discusses findings and recommendations from 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.
• 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.

Policy implications and recommendations (implicit in assessment)

• Continue coordinated engagement among national authorities and the European Central Bank to address remaining transitional challenges in supervisory operations.
• Maintain and build on strengthened prudential regulation and supervisory practices introduced under the SSM since 2013.
• Monitor implementation progress to ensure no emergence of gaps in banking supervision as the SSM framework evolves.

Subjects and technical terms covered

• 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

Content in this bundle

• IMF staff report — Ireland FSAP Update
  • IMF staff report — Ireland FSAP Update (Markdown version)
  • IMF staff report — Ireland FSAP Update (PDF)