John Walsh: Tight regulation is slowly choking the life out of the Irish banking sector

With hard-and-fast rules dictated by Europe, our own banks will become ever less competitive as unregulated players and investment funds fill the housing provision gap

22nd August, 2021
John Walsh: Tight regulation is slowly choking the life out of the Irish banking sector
‘It seems incredible that the Irish financial system is smaller and narrower than it was in the 1980s.’ Picture: Getty

There is probably a better chance of an Irish politician providing a robust defence of the Taliban than pledging to improve the fortunes of bankers. And that is hardly surprising, in view of the recent past.

The banking sector pushed the country to the brink of insolvency a decade ago as a taxpayer-funded bailout was needed to prevent the system from imploding. Since then, the tracker mortgage scandal has ensured that the only strata in...

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