John McHale writes on the desirability of a special resolution regime for banks in today’s Irish Times: you can read it here.
Category: Banking Crisis
I think it is widely agreed that undecapitalised banking systems saddled with bad loans are a threat to the efficient functioning of the economy. I think it’s also widely agreed that, whatever the mechanism, the goal of any banking plan is to return the sector to a healthy well-capitalised condition.
Given that, I find it very disappointing that eighteen months after the Irish banks were thrown into crisis and at least a year since it was clear that losses threatened the solvency of the banks, we are still taking our time getting the banks recapitalised.
Brendan Keenan interviewed Brian Lenihan yesterday – here is the article.
Patrick Honohan has written an article for the FT: you can read it here.