Sunday 17 December 2017

Parties' banking policies in brief

Fine Gael Shut down Anglo Irish Bank and Irish Nationwide Building Society by the end of the year. Stop future asset transfers to NAMA, force banks to cut costs and then cut variable interest rates by a quarter of a percentage point. Bring the sector "back from the brink" and create a "well-regulated, competitive, profitable and privately-owned banking system".

Labour "Restore the soundness and credibility of the Irish banking sector so that it can again play its valuable social and economic role" by changing the bonus culture, removing directors who presided over bad lending decisions, creating a resolution system for failed banks and no "fire-sales of assets".

Fianna Fail Manifesto says nothing about future landscape of the banking sector but contains reasoned defence of bank bailout and details of existing plans to help some people in mortgage arrears.

Please sign in or register with for free access to Opinions.

Sign In

Promoted Links

Today's news headlines, directly to your inbox every morning.

Don't Miss