My officials receive daily, weekly and monthly reports from the Financial Regulator, Central Bank and the NTMA and maintain a constant dialogue with same agencies and are kept aware of any developments. The Department also engages in direct contact with the covered institutions periodically when matters arise. Some of the key reports which my Department receives include:
Regular funding profiles and monthly private sector credit statistics from the Central Bank, the latter of which is publicly available.
Monthly summary financial returns from the Financial Regulator which look at inter alia, the capital position, liabilities covered under the CIFS Guarantee Scheme, impairments, provisions, new lending and the consolidated balance sheet. The Financial Regulator also provides weekly liquidity reports.
Weekly reports from the NTMA on the liabilities issued under the ELG Scheme.
As part of the recapitalisations of AIB and Bank of Ireland last year, both banks agreed to implement a credit package to improve the flow of credit to the real economy. Compliance with the commitments of the credit package is monitored by the Financial Regulator.