Ireland and Spain first to benefit from bank union –

Lenders from Ireland and Spain are expected to be the first institutions to be covered by new ECB-led regulatory regime. union.

Ireland’s banks are expected to be swept into the new structure in the first half of next year,�writes Business Editor David Murphy.

There will be significant advantage to Ireland when its banks are covered by the new regulatory regime.

The development would have the effect of allowing access to funds in the European Stability Mechanism.

via Ireland and Spain first to benefit from bank union – RTÉ News.

via Ireland and Spain first to benefit from bank union – RTÉ News.