This is not the time or the place to go into comprehensive detail on the elements being included in the programme to improve further the resilience of the banks and restoring greater market confidence in their long-term. Instead let me continue to weave the globalization and accounting dimensions to the Irish banking story.
Parallels between risk management at commercial and central banks Risk management has gained in importance in recent years for both commercial and central banks. The regulations that emerged following the crisis have led commercial banks to bolster their risk functions in a number of ways.