Here too, we will encourage a clear strategy, better specialist skills and operational capabilities and a more determined effort to work through the existing stock of troubled loans to try to recover or resolve individual cases.
Broadly speaking, these three work streams – balance sheet and sectoral restructuring, capital assessment and troubled loan workout – remain core elements of the strategy to improve the functioning of the banking system. A fully functioning and revived banking sector is essential to the economic recovery of Ireland in order to provide credit to individuals and businesses.