A Model for Regulatory Intervention in Irish Banking
National University of Ireland Department of Economics Working Paper No. 123
24 Pages Posted: 19 Jul 2011
Date Written: June 10, 2011
The banking system is currently experiencing an unprecedented phase of regulatory transition in order to address persistent market failures. This paper documents the need for better regulation in Irish banking and presents a framework that incorporates the competitiveness, efficiency and stability of the banking system. It explores the potential application of the regulation impact assessment technique and proposes the adoption of a comprehensive planning, impact analysis, enforcement and reviewing model to aid in the development and management of a robust and balanced regulatory environment.
Keywords: Ireland, financial regulation, regulation impact assessment, Irish banking crisis
JEL Classification: G18, E50
Suggested Citation: Suggested Citation