{
  "title": "Ireland: Financial Sector Assessment Program-Technical Note on Banking Supervision",
  "publication": "IMF Staff Country Reports, July 27, 2022",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2022/07/25/ireland-financial-sector-assessment-program-technical-note-on-banking-supervision-521272",
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  "summary": "This Technical Note discusses Ireland’s report on Banking Supervision. Supervision of less significant institutions is largely effective in Ireland. The Central Bank’s supervisory approach to LSIs is intrusive and well-developed supervisory tools are appropriately applied.",
  "sections": [
    {
      "heading": "Key findings",
      "content": "- Supervision of less significant institutions (LSIs) is largely effective in Ireland.\n- The Central Bank’s supervisory approach to LSIs is intrusive and well-developed supervisory tools are appropriately applied.\n- The prudential regulation of banks has improved greatly since the 2016 Financial System Assessment Program.\n- The EU framework has largely managed to embrace international regulatory reforms, following up on the causes of the Global Financial Crisis.\n- Banking supervision has been tested by severe headwinds, with the final outcomes still in play.\n- Supervision faced major challenges from Brexit and the pandemic."
    },
    {
      "heading": "Supervisory strengths",
      "content": "- Intrusive supervisory approach applied to LSIs.\n- Well-developed supervisory tools that are appropriately applied to less significant institutions.\n- Notable improvements in prudential regulation since 2016."
    },
    {
      "heading": "Challenges and ongoing risks",
      "content": "- Continued effectiveness of banking supervision depends on resolving several complicated problems (unspecified in this summary).\n- The full impact of severe headwinds remains unresolved (\"final outcomes still in play\").\n- Recent systemic shocks cited include Brexit and COVID-19."
    },
    {
      "heading": "Purpose and scope",
      "content": "- The Technical Note provides the main recommendations to enhance the supervision of the banking activities conducted in Ireland with a direct bearing on its financial stability."
    },
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      "content": "- Pages: 61\n- Volume: 2022\n- Issue: 240\n- Series: Country Report No. 2022/240\n- DOI: https://doi.org/10.5089/9798400216275.002\n- Stock No: 1IRLEA2022006\n- ISBN: 9798400216275\n- ISSN: 1934-7685\n\nSource: Ireland: Financial Sector Assessment Program-Technical Note on Banking Supervision, IMF Staff Country Reports 2022/240.\n\n---\n\n Content in this bundle\n\n- 1irlea2022006\n  - 1irlea2022006 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1irlea2022006 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: July 27, 2022",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400216275.002",
    "Supervision of less significant institutions (LSIs) is largely effective in Ireland.",
    "The Central Bank’s supervisory approach to LSIs is intrusive and well-developed supervisory tools are appropriately applied.",
    "The prudential regulation of banks has improved greatly since the 2016 Financial System Assessment Program.",
    "The EU framework has largely managed to embrace international regulatory reforms, following up on the causes of the Global Financial Crisis.",
    "Banking supervision has been tested by severe headwinds, with the final outcomes still in play.",
    "Supervision faced major challenges from Brexit and the pandemic.",
    "Intrusive supervisory approach applied to LSIs.",
    "Well-developed supervisory tools that are appropriately applied to less significant institutions.",
    "Notable improvements in prudential regulation since 2016.",
    "Continued effectiveness of banking supervision depends on resolving several complicated problems (unspecified in this summary).",
    "The full impact of severe headwinds remains unresolved (\"final outcomes still in play\").",
    "Recent systemic shocks cited include Brexit and COVID-19.",
    "The Technical Note provides the main recommendations to enhance the supervision of the banking activities conducted in Ireland with a direct bearing on its financial stability.",
    "Pages: 61",
    "Volume: 2022",
    "Issue: 240",
    "Series: Country Report No. 2022/240",
    "DOI: https://doi.org/10.5089/9798400216275.002",
    "Stock No: 1IRLEA2022006",
    "ISBN: 9798400216275",
    "ISSN: 1934-7685",
    "**1irlea2022006**"
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