Given how resistant external authorities subsequently proved to be to the imposition of losses on unguaranteed senior bank debt of failed banks, external partners might have responded to such an idea with compromise proposals that might have alleviated the subsequent pressures on the Irish Exchequer.
Both the accounts and report only cover the first seven months of the 2016 financial year as the last five months (August to December 2015) are accounted for in the Bank’s 2015 Annual Report. 3. KEY OUTCOMES  • The objective of central banks is not to maximise profit.