Jun
25
Irish Banks Are Poised to Face Increased Capital Demand
By-
Counter cyclical buffer set at zero since introduction
- Cental bank decision expected to be made within next 10 days
Irish banks are set to be forced to hold more capital to cope with a future economic downturn, according to a person familiar with the matter.
The country’s central bank is leaning toward increasing the so-called counter cyclical capital buffer from zero percent in coming months, according to the person, who asked not to be identified as the information is not yet public. The bank could announce an increase within the next 10 days, when the latest buffer review is due to be published, though no final decision has been taken…
