Central Bank of Ireland diverges from Basel III on AFS bonds

Pencil Eraser

The Central Bank of Ireland (CBI) plans to let its banks exclude unrealised gains and losses on government bond portfolios when calculating capital numbers, contradicting the Basel III framework, which removes the long-standing filter. Other European countries are considering the same policy, using an escape clause originally inserted into the region's legislation by Italian members of the European Parliament (MEPs).

The numbers involved can be significant - Allied Irish Bank recorded a €553

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