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Feb 4 2020, 08:05 GMT
The provision comes as a surprise given our understanding that the industry-wide Tracker Mortgage Examination (TME) had moved on to the enforcement stage. The magnitude of the provision represents a further unwelcome regulatory hit to AIB’s surplus capital and returns potential. Furthermore, the timing of the announcement in the last week of the general election campaign and ahead of a three-way leadership debate this evening also heightens political concerns for the sector.
Feb 4 2020, 08:05 GMT