Ireland: Financial Sector Assessment Program-Technical Note on Stress Testing and Systemic Risk Analysis
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
The FSAP took place against the background of a fast-evolving financial sector in Ireland and heightened uncertainty in the global economy. The Irish financial landscape has undergone significant changes since the global financial crisis with increasing divergence between an innovative and fast-growing international finance sector and the retail banking sector that has been consolidating and faces post-GFC operating restrictions and increasing competition from non-bank players. In the meantime, both the global pandemic and Brexit have left uneven marks across the economy, while there are risks from the unwinding of public support that has softened COVID-19 shock’s impact on the economy. Going forward, various ongoing and emerging risks, such as persistent inflationary pressures, fueled by supply bottlenecks, and the war in Ukraine, may impede recovery, and magnify vulnerabilities to downside shocks.
Series:
Country Report No. 2022/337
Subject:
International organization Monetary policy
Frequency:
regular
English
Publication Date:
November 9, 2022
ISBN/ISSN:
9798400224393/1934-7685
Stock No:
1IRLEA2022013
Pages:
163
Please address any questions about this title to publications@imf.org