Sign in. It’s quick, free and it’s up to you.
An account is an optional way to support the work we do. Find out more.
JUST A DAY after Ireland’s exit from the bailout programme, the European Central Bank’s (ECB) Mario Draghi said the Irish banking system is still a source of “some concern”.
Speaking in the European Parliament today, he said the Irish balance sheet assessment, which is carried out by the Central Bank of Ireland “falls short” of stringent stress testing that he feels is needed.
He added that the exercise was not “forward looking”. Speaking about Ireland he said the programme of implementation is “consistently on track” but said:
The Irish banking sector remains a source of some concern, with outstanding issues still requiring swift and decisive action.The recently submitted results for the Irish specific balance sheet assessment exercise indicated that while no capital shortfalls were identified there is a need for adjustments to provisioning as well as risk weighted assets.
He said this meant that banks will have to set aside capital to pay off any future loans which go bad adding that it should be sorted out before next year when the new Single Supervisory Mechanism’s stress tests are carried out.
To embed this post, copy the code below on your site
Is it just me or is the headline a tad ambiguous? I read the headline to mean reasons as to why victims should drop cases rather than reasons as to why the DPP wasn’t proceeding with a prosecution.
Exactly !
The DPP has had her budget cut, while her office has had to deal with more files. Telling complainants (or the emotional loaded term victims) that their evidence wouldn’t be accepted as credible, or that the prosecution would not be in the public interest, is fairly low on the priority list.
Divert some of the funding devoted to defending the criminal ..such as repeated free legal aid and problem solved. Easy !
Now your talking Michael. My 9yr old went through he’ll & back, case wasn’t passed. No reason & no victims support for him. Maybe get rid of flat screen tv’s & state of d art gyms from prisons & put money into DPP or funding for victims support.
That’s crap, they write to tell you case wasn’t passed so surly a couple of more sentences with the reasons as to why would not be costly
have your say