Ireland: Financial Sector Assessment Program: Technical Note-Macroprudential Policy Framework

September 29, 2016

Preview Citation

Format: Chicago

Ireland: Financial Sector Assessment Program: Technical Note-Macroprudential Policy Framework, (USA: International Monetary Fund, 2016) accessed November 21, 2024

Summary

This Technical Note discusses the findings and recommendations made in the Financial Sector Assessment Program for Ireland in the area of the macroprudential policy framework. The current institutional arrangement in Ireland is appropriate for effective macroprudential policy and in line with IMF guidance. The Central Bank of Ireland’s analysis of systemic vulnerabilities is sophisticated and timely. The central bank has been introducing a range of macroprudential instruments to contain a buildup of systemic risk in the financial system. Ireland’s boom-bust experience amply demonstrates the need for forward-looking action to head off incipient financial problems.

Subject: Banking, Financial institutions, Financial sector policy and analysis, Financial sector stability, Housing prices, Macroprudential policy, Macroprudential policy instruments, Mortgages, Prices

Keywords: Analysis of systemic vulnerability, Central Bank of Ireland, CR, Credit market, Delinquency ratio, ECB decision, ECB object, Financial sector stability, Global, Housing prices, Imposition of limit, Ireland, ISCR, LTV, Macroprudential policy, Macroprudential policy instruments, Mortgages, Price

Publication Details

Pages:

30
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/316
Stock No:

1IRLEA2016010
ISBN:

9781475542240
ISSN:

1934-7685

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