## Ireland: Financial Sector Assessment Program: Technical Note-Asset Management and Financial Stability

_IMF Staff Country Reports, September 29, 2016_

## Source details

**Canonical URL:** [Ireland: Financial Sector Assessment Program: Technical Note-Asset Management and Financial Stability](https://www.imf.org/en/publications/cr/issues/2016/12/31/ireland-financial-sector-assessment-program-technical-note-asset-management-and-financial-44305)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/ireland-financial-sector-assessment-program-technical-note-asset-management-and-financial-44305/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/ireland-financial-sector-assessment-program-technical-note-asset-management-and-financial-44305/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/ireland-financial-sector-assessment-program-technical-note-asset-management-and-financial-44305/bundle-manifest.json)

## Bibliographic details
- Published: September 29, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475542189.002

---

### Executive summary
- Discusses findings and recommendations from the Financial Sector Assessment Program for Ireland in the areas of asset management and financial stability.
- Most of the potential avenues for domestic financial instability from Irish-domiciled money market funds and investment funds appear to be contained.
- The potential for destabilizing spillovers from Irish-domiciled money market and investment funds to the domestic economy appears limited.
- The Central Bank of Ireland has made important progress in addressing long-standing data gaps as they pertain to the asset management industry.
- A number of initiatives could be helpful in further strengthening industry oversight.

### Key findings on risks and spillovers
- Domestic instability from Irish-domiciled money market funds and investment funds: most potential avenues appear to be contained.
- Cross-border or domestic spillovers: potential for destabilizing spillovers to the domestic economy appears limited.
- Data gaps: historically long-standing data gaps existed for the asset management industry; the Central Bank of Ireland has made important progress in addressing these gaps.

### Policy implications and recommended initiatives
- Strengthen industry oversight through a number of initiatives (unspecified in the summary), building on the Central Bank of Ireland’s progress on data.
- Continue initiatives aimed at closing remaining data gaps to enhance monitoring and macroprudential assessment of asset management activities.
- Maintain focus on channels that could transmit stress from money market funds and investment funds to the domestic economy, despite current assessments of containment and limited spillover potential.

### Subjects and keywords (as listed)
- Subjects: Asset and liability management, Asset management, Banking, Bonds, Financial institutions, Hedge funds, Mutual funds, Securities, Shadow banking
- Keywords: asset, Asset management, Bonds, central bank of Ireland, CIV assets, CNAV MMFs, collective investment vehicles, CR, data strategy, domiciled MMFs, Global, government MMFs, hedge fund, Hedge funds, imprudent asset-liability management, Ireland, ISCR, liquidity risk, Mutual funds, Securities

---

## Content in this bundle

- **_cr16312**
  - [_cr16312 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2016/_cr16312.pdf.md){rel="alternate" type="text/markdown"}
  - [_cr16312 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2016/_cr16312.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/ireland-financial-sector-assessment-program-technical-note-asset-management-and-financial-44305_