Central Bank of Ireland diverges from Basel III on AFS bonds
The Central Bank of Ireland (CBI) plans to let its banks exclude unrealised gains and losses on available-for-sale (AFS) government bond portfolios when calculating capital numbers, contradicting the Basel III framework, which removes the long-standing filter. Other European countries are considering the same policy, using an escape clause originally inserted into the region's legislation by Italian members of the European Parliament (MEPs).
The numbers involved can be significant – Allied Irish
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
More on Debt Management
IMF approves $3 billion for Ghana
Governor welcomes conditions, including cutting inflation and ending monetary financing
Book notes: States and the masters of capital, by Quentin Bruneau
Chronicling the practices and players involved in privately financed sovereign debt
BoG’s Addison: Ghana agrees to end monetary financing
Governor says MoU with finance ministry “has been finalised”, and IMF deal will come by end of May
Ghana plans to ‘securitise’ debt to central bank
Country struggling to restructure debts and secure IMF loan
Bank of Ghana adds 100bp as crises grind on
IMF reportedly wants end to central bank financing
IMF and Ghana reach initial agreement on $3 billion loan
Stricken country preparing domestic debt restructuring
Fed policy roundtable II: recession risk and sticky inflation
Academics look at forward guidance, asset purchases, and the “magic” in forecasting models
Fed policy roundtable: inflation targeting, asset purchases and uncertainty
Academics look at forward guidance, asset purchases, and the “magic” in forecasting models