Taking a leaf out of the German banking book
The latest banking ‘Third Force’ proposal may help close the credit supply gap, especially for SMEs in Ireland
A so-called Third Force in Irish banking has been mooted in one guise or another for the last 30 years. The necessary shrinking of the banking sector following the crash has inevitably led to less competition on the high street. The issue is not only one of competition however but, more centrally, whether the private banking system has adequately supported the SME sector or whether it has been sufficiently involved in the provision of financing to the indigenous exporting sectors of the economy. Is there a gap in the market?
Independent journalism every day
With digital access you can read The Business Post whenever, wherever, and however you want.
- Unlimited access to all sections of The Business Post on desktop, tablet and mobile.
- Breaking news, comment and analysis from the best Business Post writers seven days a week.
- Live blogs of major news events.
- Videos and podcasts from some of the industry's most respected journalists such as Michael Brennan, Susan Mitchell and Ian Guider.
- Access to The Business Post's extensive archive.