Capital punishment
Despite capital injections totalling €64 billion, Irish banks face a longer-term problem in the shape of Basel III, writes Jon Ihle.
After 2011, Ireland appeared to have closed the books on bank recapitalisation after pumping nearly €64 billion into its bust banks, shutting down some, merging and nationalising others. But now concern appears to be mounting again that the banks are falling short of required reserves.
Further ongoing losses from legacy debt, an uncertain outlook for profitability and changes in regulation over the next few years could push reserves below required levels, forcing the institutions to tap...
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