This edition also includes three boxes on the following topics:  BIS central bankers’ speeches  1  -  The curatorship and resolution of African Bank;  -  Debt ratings  -  Shadow banking in South Africa; and  The South African banking sector remained sound with adequate levels of capital, increased levels of high-quality liquid assets, good asset quality and profitability that compares favorably with other jurisdictions.
This surge was largely maintained during the worst of the crisis, though it has since fallen back – though not yet (March 2015) to the levels of mid-2007. Concluding remarks Each of Ireland’s three currency regimes has seen periods of relative prosperity and of crisis and recession. This should not surprise us.