The Honohan Report on the Irish banking crisis

The Honohan Report entitled “The Irish Banking Crisis – Regulatory and
Financial Stability Policy 2003-2008” is a superbly written document. The
guarantee to include subordinated debt, the narrative on the page 123 is gripping in relation to the survival of Anglo Irish and the effects that its collapse might have on AIB and BoI. The discussion on “systemic importance” to the country in relation to Anglo is questionable but Professor Honohan is clear in his interpretations.

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