Ireland: Financial System Stability Assessment Update
IMF Staff Country Reports, August 8, 2006
Source details
- Canonical URL
- Ireland: Financial System Stability Assessment Update
Other formats
Bibliographic details
- Published: August 8, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451818833.002
Financial sector performance and outlook
- The Irish financial sector "has continued to perform well since its participation in the Financial Sector Assessment Program (FSAP) in 2000."
- Outlook described as "very strong for 2006–07."
- Subject areas highlighted: Banking; Financial institutions; Financial Sector Assessment Program; Financial sector policy and analysis; Financial services; Housing prices; Mortgages; Prices; Stress testing.
Macroeconomic risks and asset quality
- "There are some macroeconomic risks that could have implications for the financial system asset quality."
- Specific vulnerability noted to downturns in house prices and broader growth: "The financial system seems well placed to absorb the impact of a downturn in either house prices or growth more generally."
Resilience and stress absorption
- Assessment: financial system "seems well placed to absorb the impact of a downturn" in house prices or general growth.
Regulatory and supervisory developments
- "Good progress has been achieved since the 2000 FSAP in strengthening the regulatory and supervisory framework."
Content in this bundle
- Ireland: Financial System Stability Assessment Update; IMF Country Report 06/292; July 7, 2006