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Dec 10 2019, 08:20 GMT
Bank of Ireland
No change to SREP requirements
- Sectors : Banks
- Companies : Bank of Ireland
DAVY VIEW
An unchanged Supervisory Review and Evaluation Process (SREP) requirement does not come as a surprise as improvements in balance sheet are likely offset by Brexit. On broader capital requirements, we anticipate an update on the Systemic Risk Buffer (SyRB) during Q1 2020 and note recent comments by the Central Bank of Ireland (CBI) regarding its introduction (phased) and, while capital requirements need to be higher than in larger EU countries, the introduction of the SyRB may not increase overall requirements.
