Financial and Regulatory Failure: The Case of Ireland
AbstractThe paper chronicles the evolution of financial regulation in Ireland, with particular attention given to the roles, responsibilities and actions of those authorities responsible for maintaining financial stability. It examines the role of financial regulation during the property bubble, in particular, the huge increase in propertybacked lending which fuelled its growth during the mid-2000s. We examine the impact of ongoing government support to the banking system and the damage which has been done to public finances since the banking crisis.
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Bibliographic InfoPaper provided by Geary Institute, University College Dublin in its series Working Papers with number 201136.
Length: 25 pages
Date of creation: 22 Dec 2011
Date of revision:
2008 banking crisis; regulatory failure; Ireland; principles based regulation; public debt;
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