Ireland: Staff Report for the 2006 Article IV Consultation
August 7, 2006
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The 2006 Article IV Consultation found that the financial system in Ireland continues to perform well but rapid credit growth is a vulnerability. Central Bank officials noted that recent stress tests indicate that the major lenders have adequate buffers to cover a range of shocks. The Financial Regulator observed that the risk weighting on high loan-to-value mortgages was increased, consistent with the advice of the Financial Sector Assessment Program (FSAP) Update mission. The general government fiscal position has been either close to balance or in surplus for the past decade.
Subject: Banking, Credit, Financial institutions, Financial regulation and supervision, Labor, Money, Mortgages, Public debt, Wages
Keywords: asset, asset ratio, business income, CR, Credit, debt, Europe, Global, HICP inflation, household debt, Ireland, ISCR, Mortgages, potential GDP, real GNP growth, return on equity, Wages, widening current account deficit
Pages:
34
Volume:
2006
DOI:
Issue:
293
Series:
Country Report No. 2006/293
Stock No:
1IRLEA2006002
ISBN:
9781451942620
ISSN:
1934-7685
