However, as has been well documented, the intensity of NorthSouth commercial and economic interactions was rather modest in subsequent decades, so  1  A longer historical time period is covered in Honohan (2002). 2  The fluctuations prompted the famous Parliamentary Irish Currency Report of 1804 (cf. Boyle and Geary, 2004).
Those legal and reputational risks require a focus on appropriateness assessments, the enforceability of netting and collateral agreements, undocumented customer assurances, insurance considerations, and potential IRS challenges. Assessments of the appropriateness of a transaction for a client traditionally have required firms to determine if the transaction is consistent with the financial sophistication, financial condition, and investment policies of the customer.