## Ireland: Financial Sector Assessment Program: Technical Note-Financial Safety Net, Bank Resolution, and Crisis Management

_IMF Staff Country Reports, September 29, 2016_

## Source details

**Canonical URL:** [Ireland: Financial Sector Assessment Program: Technical Note-Financial Safety Net, Bank Resolution, and Crisis Management](https://www.imf.org/en/publications/cr/issues/2016/12/31/ireland-financial-sector-assessment-program-technical-note-financial-safety-net-bank-44306)

## Other formats

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## Bibliographic details
- Published: September 29, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475542196.002

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### Scope and purpose
- 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.

### Key findings
- 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:
  - strengthen supervision;
  - harmonize prudential rules;
  - establish a uniform bank resolution regime.
- Significant progress has been made on the banking union, although key aspects remain to be completed.

### Subjects and keywords (as listed)
- 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.

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## Content in this bundle

- **_cr16313 — Executive Summary**
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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/ireland-financial-sector-assessment-program-technical-note-financial-safety-net-bank-44306_