We have therefore intensified monitoring of the process as we bring closure to the recapitalisation process on December 31, 2018. 21. Recent developments in the banking sector reflect gains from  the on-going reforms in the sector, which are expected to further increase after the recapitalization process is completed in December 2018.
In view of the deep adaptation of the Irish economy to a EU28 single market that has included Britain, a sudden, no-deal scenario would have immediate disruptive effects that would permeate almost all areas of economic activity. The agri-food sector would be disproportionately affected, with a corresponding outsized impact on rural regions, especially near the Border.