did reveal vulnerabilities in the non-banking sector . particularly in the corporate-bond market. Conservative regulation …

point per annum. Economic output is mainly affected by an increase in bank lending spreads as banks pass a rise in bank … Tier 1 capital ratio) could increase bank lending spreads by about 50 basis points. The estimated effects on GDP growth …

deteriorate further, which could require significant bank recapitalisation. Updated bottom-up (i.e. loan by loan) stress tests are … assumptions should be made public. The creation of the Bank Asset Management Company (BAMC) should allow recognition of problems …

potentiel pour les contribuables, et la palette d'instruments dont dispose l'autorité de régulation pour réduire les risques …

rate hikes. Overbuilding in the condominium sectors of some cities appears to be a source of risk, especially if a major … market concentrates a significant amount of risk in public finances. Improving competitive conditions in the mortgage …

liabilities. Revamped bank regulation and supervision should utilise a wider set of indicators and rules beyond standard capital … transferred to a government controlled “bad bank”, NAMA, and the associated heavy losses fully recognised by the banks. NAMA needs … mid 2011 following stringent bank “stress tests”, which proved to be a crucial turning point in the crisis by helping to …

accumulation appears to have been based on excessive risk-taking and exceptional macro-economic conditions and therefore not …

step towards fair burden sharing. Bank recapitalisation, if necessary, should be done by raising the level of capital so as … nationalisation of mandatory pension funds, which played a crucial role in the accumulation of long-term savings. The regulation of … cooperation between micro and macro-prudential regulation should be ensured in practice and the financial independence of the …