Banking
John Walsh: Irish banks should no longer be considered risky propositions
The lack of competition in the banking sector here reflects structural defects in the Irish market, as well as a failure of the European banking union to live up to its original billing
There has been a number of regulatory changes in the wake of the financial crash but, in some crucial respects, the Irish banking sector is not that different today to the pre-2008 era.
The three pillar banks – AIB, Bank of Ireland and Permanent TSB – are heavily exposed to the property market, mostly through their mortgage books. It was the same concentration in lending that did so much damage when the property market collapsed ...