The decision-making bodies of the ECB have made a certain number of important decisions since the ESCB was established. As part of these decisions, the monetary policy strategy of the ESCB was recently announced and explained to the public. The selected stability-oriented strategy promotes as much continuity as possible with the existing strategies of national central banks in the EU.
Structure of Irish banking sector In the light of all that has happened, we need to examine the structure of the domestic banking system. When the crisis comes to an end the structure and shape of our banking system will be different. This is likely to be an international trend. In Ireland, the very existence of NAMA will in itself be central to this.