One area  2  BIS Review 148/2010  which still cries out for attention is support for refurbishment and upgrade of hotels, previously profitable, whose credit-worthiness has been weakened by the international recession.
The focus internationally on the sustainability of public finances has been at the centre of renewed pressures in financial markets generally in Europe. Here too, it is important to interpret data correctly. What might broadly be described as IFSC institutions represent a large and growing part of the borrowing by Irish resident banks from the Eurosystem.