Financial Regulatory Forum

HIGHLIGHTS – Key points of Ireland’s bank rescue

March 30, 2010

DUBLIN, March 30 (Reuters) – Ireland’s finance minister, its “bad bank” and its financial regulator made a series of announcements on Tuesday clarifying details of how it plans to tackle the country’s banking crisis.

Ireland sees EU support for “bad bank” valuation

October 30, 2009

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.

Ireland tweaks “bad bank” law to keep Green support

October 9, 2009

By Carmel Crimmins
DUBLIN, Oct 9 (Reuters) – Ireland’s government altered legislation creating its “bad bank”, the National Asset Management Agency (NAMA), to include the threat of a levy on lenders, to make the law more palatable to junior coalition partner the Green Party.

Ireland to spend 54 billion euros for “bad bank”

September 16, 2009

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.

D-day looms for Irish banks

September 15, 2009

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.

Ireland gives “bad bank” wide powers

July 30, 2009

By Carmel Crimmins and Padraic Halpin

DUBLIN, July 30 (Reuters) – Ireland unveiled a draft law on Thursday giving its “bad bank” wide powers to deal with the legacy of a devastating property crash, but investors will have to wait until September for clues on how much it will cost.