Ireland Bank, American Dep. Shares (IREBY)

[Jester_Vandalay]

Reading the IMF report on Ireland (page 16)...the Bank of Ireland is considered to be one of the viable banks

Good read to see the overall master plan for the Ireland Banking System.

In this context, the authorities and staff agreed that a comprehensive bank restructuring program is critical.

There was a shared view that the objectives of this process would be to:

Isolate the viable banks and return them to healthy functionality by substantial downsizing and reorganization.

Support the transition to a downsized banking sector through recapitalization to reduce perceptions of weakness and encourage deposit inflows and market-based funding.

Reduce systemic risk and increase shock-absorbing capacity through stronger supervision and a special resolution regime for banks.

IMF Ireland


INTERNATIONAL MONETARY FUND IRELAND
Request for an Extended Arrangement