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Economy
In reply to the discussion: STOCK MARKET WATCH -- Thursday, 17 January 2013 [View all]xchrom
(108,903 posts)22. Central Bank governor issues warning to banks over distressed mortgages{ireland}
http://www.irishtimes.com/newspaper/finance/2013/0117/1224328950591.html
The banks will be required to raise more capital if they do not begin dealing with distressed mortgages, the governor of the Central Bank has said.
Addressing an Oireachtas committee yesterday, Prof Patrick Honohan said there were approximately 100,000 cases of loans in distress and the Central Bank had been putting pressure on the banks to put in place a machine to process them.
He said that once the machine was in place, the Central Bank can and will then require the banks to deal with prescribed numbers of cases.
If the banks failed to do this, the Central Bank would require them to raise more capital, as not dealing with the loans would affect the risk position of the banks.
The banks will be required to raise more capital if they do not begin dealing with distressed mortgages, the governor of the Central Bank has said.
Addressing an Oireachtas committee yesterday, Prof Patrick Honohan said there were approximately 100,000 cases of loans in distress and the Central Bank had been putting pressure on the banks to put in place a machine to process them.
He said that once the machine was in place, the Central Bank can and will then require the banks to deal with prescribed numbers of cases.
If the banks failed to do this, the Central Bank would require them to raise more capital, as not dealing with the loans would affect the risk position of the banks.
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The next fiscal fight: From cliff to ceiling-debt ceiling serves no useful purpose; should be abolis
Demeter
Jan 2013
#12
in my youth - i spent some very well spent hours at the checkerboard lounge in chicago.
xchrom
Jan 2013
#32
One is forever young... I discovered this on my way through Andalusia the other day:
Ghost Dog
Jan 2013
#40
ETA News Release: Unemployment Insurance Weekly Claims Report (01/17/2013)
mahatmakanejeeves
Jan 2013
#21
Central Bank governor issues warning to banks over distressed mortgages{ireland}
xchrom
Jan 2013
#22