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...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Related Stories

Bank of Ireland fined €24.5m

KBC says tracker mortgage scandal ‘hugely regrettable’

John Walsh: It’s easier to point the finger than remember the lessons of the crash

Ian Guider: A banking duopoly would be as bad for Ireland’s interests as a limit of two supermarkets