Banks in breach of cash rules

The four guaranteed banks that were stress tested last month have been short of required cash-on-hand on a regular and ongoing basis this year, The Sunday Business Post has learned.

16th April, 2011
Banks in breach of cash rules
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The four guaranteed banks that were stress tested last month have been short of required cash-on-hand on a regular and ongoing basis this year, The Sunday Business Post has learned.

Bank of Ireland, AIB, Irish Life & Permanent and EBS have all breached the Central Bank’s minimum liquidity requirements in 2011, as long term funding remains inaccessible to the institutions and ECB rules for emergency assistance have changed.

Bank of Ireland revealed in its...

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