Corporate Recovery: Positive outcome from IBRC's wind-down

The winding up of IBRC may have been as sudden as it was overdue, but its demise could actually have some positive effects on the Irish economy.

24th February, 2013
Declan Taite, partner and head of restructuring and insolvency at RSM Farrell Grant Sparks. Photo: Maura Hickey

The winding up of IBRC - or Anglo, as most people still affectionately refer to the *bete noire* of the banking industry - may have been as sudden as it was overdue, but rather than simply being an exercise in damage limitation, its demise could actually have some positive effects on the Irish economy.

"I believe the liquidation of IBRC will escalate the issue of deleveraging in the Irish marketplace," said Declan Taite, partner and...

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