Cover IMF Staff Country Reports
Ireland: Financial Sector Assessment Program-Technical Note on Financial Safety Nets and Crisis Management
Author:
International Monetary Fund. Monetary and Capital Markets Department
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2022: Issue 239
Language:
English
Publication Date:
27 Jul 2022
DOI:
https://doi.org/10.5089/9798400216114.002
ISBN:
9798400216114
ISSN:
1934-7685
Pages:
46
Keywords:
Ulster bank Ireland; European Union bank recovery; resolution regime legislation; supervisory function; resolution function; government ownership; C. bank winding-up; Bank resolution; Crisis management; Bank resolution framework; Bank liquidation; Europe
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This Note assesses the bank recovery, resolution, and crisis preparedness regime in Ireland. It analyzes laws, policies, procedures, institutional capacity and coordination arrangements for bank failure resolution and for managing financial distress and crises. The assessment is focused on banks under the direct remit of the Central Bank of Ireland and does not evaluate the role played by the European Central Bank and the Single Resolution Board for Ireland’s largest banks. The Note also assesses steps toward adopting a recovery and resolution regime for insurers. The Note is guided by international standards, in particular the Key Attributes of Effective Resolution Regimes for Financial Institutions promulgated by the Financial Stability Board.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2022: Issue 239