30 years: Treasury & banking
In this video, Michael provides details of the Programme of Financial Assistance to Ireland, including the commitments to bank restructuring and recapitalisations. He also considers the effects of the Prudential Capital Adequacy Assessment which was required as part of the programme.
In this video, Michael provides details of the Programme of Financial Assistance to Ireland, including the commitments to bank restructuring and recapitalisations. He also considers the effects of the Prudential Capital Adequacy Assessment which was required as part of the programme.
10 mins 31 secs
Ireland’s financial system had hit rock bottom and the need for international assistance loomed. This support arrived through the ‘Troika Programme.’ The result was capital injections into the BOI as well as the IBRC in promissory notes, leading to their liquidation. Ireland’s financial system was on the road to recovery.
Key learning objectives:
Explain the background to Ireland’s Financial Crisis and the need for international assistance
Identify the motives behind the ECB actions
Discuss the role of the Troika Programme and its liquidation of IBRC which secured recovery.