Swiss deal should not lead to complacency on banks

The turmoil in the banking sector seems all too familiar to many of us

Credit Suisse was taken over by UBS, with the takeover led by Corkman Colm Kelleher. Photo: Reuters


The renewed bank sector turmoil evokes unpleasant memories of the 2008 crash, which ultimately cost Irish taxpayers about €45bn. We simply cannot take it for granted that this time things will be different. The lessons of our most recent banking crisis must be kept uppermost in decision-makers’ and regulators’ minds.