Financial Regulatory Forum

Ireland sees EU support for “bad bank” valuation

A pedestrian passes a branch of Allied Irish Bank in London August 14, 2009. (File Photo) REUTERS/Luke MacGregor   (BRITAIN BUSINESS)   DUBLIN, Oct 30 (Reuters) – The Irish government said the European Commission supports the valuation of its 54 billion euro “bad bank” plan, as it moved a step closer to becoming law, boosting shares in the main Irish banks.

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Some hedge funds eager for Irish “No” on EU treaty – Finance Minister Lenihan

Ireland's Finance Minister Brian Lenihan talks to France's Economy Minister Christine Lagarde (R) at the start of a Euro zone finance ministers meeting in Brussels, March 9, 2009.  REUTERS/Francois Lenoir   (BELGIUM BUSINESS POLITICS) DUBLIN, Sept 28 (Reuters) – Hedge funds which bet unsuccessfully that Ireland would default on its sovereign debt want the country to reject the EU’s reform treaty this week to recoup some of their losses, Finance Minister Brian Lenihan said on Monday.

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Ireland to spend 54 billion euros for “bad bank”

A pedestrian passes a branch of Allied Irish Bank in London August 14, 2009. By Carmel Crimmins and Andras Gergely
DUBLIN, Sept 16 (Reuters) – Ireland will spend 54 billion euros on resuscitating its financial system and economy after a brutal property crash, ramping up its national debt and leaving the door open for further capital injections into lenders.

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D-day looms for Irish banks

A branch of Allied Irish Bank is seen in London August 14, 2009. By Carmel Crimmins

DUBLIN, Sept 15 (Reuters) – Ireland will outline this week how much a make-or-break plan to revive its banking system will cost, setting the stage for possible further capital injections in the top two banks and a near doubling of the national debt.

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