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Banking Crisis

Documentation Regarding the Bank Guarantee, fowarded to the Oireachtas Committee on Public Accounts by the Department of Finance. 
15 July 2010 can be accessed here


As Ireland faces major decisions on whether or not to extend the €450bn bank guarantee there is growing questioning of the danger of moral hazard in this process. Moral hazard is the situation in which an individual, or institution or whatever, is insulated from risk while others pay the negative consequences of the risk.

The Regling Watson Preliminary Report on the Sources of Ireland's Banking Crisis can be can also be downloaded below

The full text of the Honohan Report on the Irish Banking Crisis Regulatory and Financial Stability Policy can be  can be downloaded below. 

This Report covers the period from the establishment of the FR in 2003 to the end of 

It isn't often that we cite the International Monetary Fund (IMF) as vindicating our position but information revealed by the Department of Finance in response to a freedom of information request does exactly that.