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Irish Banks Ordered To Hold More Money For A Downturn

Irish Banks Ordered To Hold More Money For A Downturn

by Mario Caizzone | Jul 6, 2018 | Banking & Finance Law, News

The Central Bank has ordered banks to hold extra money in reserve as a cushion against losses and to potentially cool the economy, triggering the so-called countercyclical capital buffer (CCyB).

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Farrelly-Caizzone & Associates is the Registered Trading name of Farrelly-Caizzone & Associates Limited, incorporated in Ireland, Reg. No.669770. The audit activity is carried out by the associates present in each single country, as qualified professionals enrolled in the professional associations of each state.