Tuesday December 1, 2020

Banking: New EU rules to save BoI and AIB €500 million a year

Planned changes to how banks have to calculate their regulatory capital could save Bank of Ireland and AIB up to €500 million per year up to 2023.

24th March, 2013
David Duffy, chief executive, AIB.

Planned changes to how banks have to calculate their regulatory capital could save Bank of Ireland and AIB up to €500 million per year up to 2023.

Under new proposals being considered by the European Union, banks will have longer to implement regulations restricting the use of so-called deferred tax assets, or losses they can write off against tax, in their capital base.

According to the Basel 3 rules, which are being phased in starting this...

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