Besides well functioning and stable financial system, SBP is striving to broaden the base of financial landscape through enhanced financial outreach. SBP has been driving “Financial Inclusion” as a strategic goal through a dynamic regulatory framework, development of market information and infrastructure, and capacity building of service providers and clients.
The Central Bank continues to work with the ECB to ensure that the necessary liquidity is available to allow the Irish banking sector continue to function. The Central Bank has set new, tougher capital requirements to ensure the banks are strong enough to withstand future losses. We have brought in new consumer protection measures, not least in relation to the treatment of mortgage arrears.