The diversity of types and sizes of investment firm operating in Ireland is a particular aspect that will need careful consideration when reflecting on the structure and content of a possible code for the sector, as well as consideration of timing in light of European developments.
As such banks are worried about two aspects in financial dealings: (i) currency mismatch in transaction and (ii) maturity mismatch in their balance sheets – short term deposits versus long term loans. Addressing the first issue is related to currency convertibility in cross border transactions while the second is related to regulatory and macroprudential norms along with the risk taking capacities of the banks.