IMF Staff Country Reports

Ireland: Financial Sector Assessment Program-Technical Note on Financial Interconnectedness of the Market-Based Finance Sector

July 27, 2022

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Ireland: Financial Sector Assessment Program-Technical Note on Financial Interconnectedness of the Market-Based Finance Sector, (USA: International Monetary Fund, 2022) accessed November 21, 2024

Summary

This technical note investigates the interconnectedness between the market-based finance (MBF) sector in Ireland and the rest of the financial system, with a view to assessing potential financial stability risks. Ireland has made good progress in implementing the recommendations from the 2016 Financial Sector Assessment Program, but some important data gaps remain to be closed. While many linkages between the domestic economy and the MBF sector have been analyzed, challenging data gaps and opaque linkages relating to the other financial institutions (OFI) residual should continue to be explored through ongoing cooperation at a domestic and international level. The Central Bank of Ireland’s fund stress-testing model remains under development and there remain some gaps in terms of granular data collection and analysis of the interconnectedness and composition of the significant activity of the remaining OFI residual. The analysis suggests that, notwithstanding progress, work remains to be done to elucidate fully the linkages between parts of the MBF sector and the rest of the financial system, and to the domestic economy, to explore further areas of potential systemic risk.

Subject: Asset and liability management, Financial institutions, International organization, Monetary policy, Public financial management (PFM)

Keywords: Asset claim, Balance sheet exposure, Commercial banks, D. fund exposure, Financial statements, Fund assets, Global, Loans, Mutual funds, Other financial institutions, Property fund, SPE loan, Special purpose vehicle

Publication Details

  • Pages:

    58

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2022/241

  • Stock No:

    1IRLEA2022007

  • ISBN:

    9798400216411

  • ISSN:

    1934-7685

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