Sunday 19 November 2017

Central Bank wants more lender data


Laura Noonan

Laura Noonan

IRISH banks have been asked to provide fresh data to the Central Bank of Ireland that will be fed into a new review of European banks' capital positions.

Sources last night confirmed that banks had been asked to submit details of their end-September capital positions to the Central Bank. The documents circulated were described as "basic", including questions about banks' current situations rather than enquiring about how they would fare in the event of various scenarios.

Banks are understood to have been asked for more detailed information about their capital positions and their sovereign debt holdings at the end of June.

A spokeswoman for the Central Bank declined to comment, as did spokespersons for AIB, Bank of Ireland and Irish Life & Permanent.

The data trawl comes as the European Banking Authority (EBA) mulls imposing new capital targets on banks in a bid to restore market confidence and curtail the unfolding crisis.

The Department of Finance's banking chief John Moran yesterday declined to speculate on what those new targets could mean for Irish banks.

Some reports yesterday suggested the EBA might impose a headline target of 9pc of the purest type of capital.

In July's EBA tests, Bank of Ireland core tier one capital ratio was expected to fall to 7.1pc under the adverse scenario by the end of 2012, AIB's came in at 11.7pc and Irish Life & Permanent's came in at 20.4pc.

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