Michael Murray: The hidden risks in our banks

Michael Murray: The hidden risks in our banks
Central Bank ups estimate of numbers affected in tracker probe. Picture: Maura Hickey

Regulations have tightened on mortgage lending. That has incentivised banks to push alternative, riskier and higher-return lending opportunities such as car finance to consumers

You don’t need to be a French scholar to be familiar with the saying “plus ça change, plus c’est la meme chose’’. I was reminded of it a few weeks ago when stories began to emerge in the international press of banks hunting around for lending business that they desperately needed if they were to grow their earnings in an environment where growth in mortgage lending was becoming more challenging.

That greater challenge...

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