Central Banks tells lenders to boost reserves

The bank has raised the so-called countercyclical capital buffer (CCyB) from 0 to 1%, a move aimed at preventing lending growth from getting out of control.

5th July, 2018
The Central Bank has ordered banks to hold more money in reserve against their exposure to Irish assets. Pic: RollingNews

The Central Bank has ordered banks to hold more money in reserve against their exposure to Irish assets in a bid to prevent an economic shock.

The bank has raised the so-called countercyclical capital buffer (CCyB) from 0 to 1%, a move aimed at preventing lending growth from getting out of control. The buffer acts by requiring more capital to be built up during periods of economic stability, allowing credit to be released in any downturn.

In...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month, €19.99 Monthly thereafter

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Tom Maguire: Tax changes we make now could help business for years

More Business Tom Maguire 11 months ago

The Daily Briefing

The Daily Briefing