Saturday April 4, 2020

ECB issues recapitalisation warning to government

The European Central Bank (ECB) has called on the Irish government to ensure that the terms of the proposed recapitalisation of AIB and Bank of Ireland do not encourage either bank to maintain state involvement for “extensive” periods.

28th February, 2009

The European Central Bank (ECB) has called on the Irish government to ensure that the terms of the proposed recapitalisation of AIB and Bank of Ireland do not encourage either bank to maintain state involvement for “extensive” periods.

In a legal opinion prepared last week in response to the draft legislation governing the €7 billion recapitalisation initiative, the ECB said the government needed to set terms that made it clear that its support...

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