{
  "title": "Ireland: Financial Sector Assessment Program: Technical Note-Financial Safety Net, Bank Resolution, and Crisis Management",
  "publication": "IMF Staff Country Reports, September 29, 2016",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/ireland-financial-sector-assessment-program-technical-note-financial-safety-net-bank-44306",
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  "summary": "This Technical Note discusses the findings and recommendations in the Financial Sector Assessment Program for Ireland regarding the financial safety net, bank resolution, and crisis management.",
  "sections": [
    {
      "heading": "Scope and purpose",
      "content": "- Technical Note discusses the findings and recommendations in the Financial Sector Assessment Program for Ireland regarding the financial safety net, bank resolution, and crisis management.\n- Examines how the “single rulebook” for financial services regulation within the European Union and the establishment of the banking union have transformed the Irish framework for dealing with failing banks.\n- Analyzes the implications of EU-wide initiatives to strengthen supervision, harmonize prudential rules, and establish a uniform bank resolution regime."
    },
    {
      "heading": "Key findings",
      "content": "- The Bank Recovery and Resolution Directive has significantly strengthened the resolution regime in Ireland and the European Union.\n- The new regime reflects an EU-wide initiative to:\n  - strengthen supervision;\n  - harmonize prudential rules;\n  - establish a uniform bank resolution regime.\n- Significant progress has been made on the banking union, although key aspects remain to be completed."
    },
    {
      "heading": "Subjects and keywords (as listed)",
      "content": "- Subjects: Bank resolution; Bank resolution framework; Banking; Credit bureaus; Crisis management; Crisis resolution; Financial crises; Financial markets.\n- Keywords: bank recapitalization; Bank resolution; Bank resolution framework; central Bank of Ireland; CR; Credit bureaus; credit union; Crisis management; Crisis resolution; Europe; financial support; government stabilization tool; ISCR; resolution authorities; resolution authority; resolution framework; resolution period; resolution plan; resolution planning; resolution scheme; Southern Europe; SPE resolution strategy; stabilization tool; uniform bank resolution regime.\n\n---\n\n Content in this bundle\n\n- cr16313 — Executive Summary\n  - cr16313 — Executive Summary (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr16313 — Executive Summary (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: September 29, 2016",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475542196.002",
    "Technical Note discusses the findings and recommendations in the Financial Sector Assessment Program for Ireland regarding the financial safety net, bank resolution, and crisis management.",
    "Examines how the “single rulebook” for financial services regulation within the European Union and the establishment of the banking union have transformed the Irish framework for dealing with failing banks.",
    "Analyzes the implications of EU-wide initiatives to strengthen supervision, harmonize prudential rules, and establish a uniform bank resolution regime.",
    "The Bank Recovery and Resolution Directive has significantly strengthened the resolution regime in Ireland and the European Union.",
    "The new regime reflects an EU-wide initiative to:",
    "Significant progress has been made on the banking union, although key aspects remain to be completed.",
    "Subjects: Bank resolution; Bank resolution framework; Banking; Credit bureaus; Crisis management; Crisis resolution; Financial crises; Financial markets.",
    "Keywords: bank recapitalization; Bank resolution; Bank resolution framework; central Bank of Ireland; CR; Credit bureaus; credit union; Crisis management; Crisis resolution; Europe; financial support; government stabilization tool; ISCR; resolution authorities; resolution authority; resolution framework; resolution period; resolution plan; resolution planning; resolution scheme; Southern Europe; SPE resolution strategy; stabilization tool; uniform bank resolution regime.",
    "**_cr16313 — Executive Summary**"
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