COVID-19: Back to 0 % for the Counter Cyclical Capital Buffer Rate (CCyB)

In an attempt to avoid a COVID-19 related credit crunch, the Central Bank of Ireland (the “CBI”), has announced that the CCyB is to be reduced to 0% no later than 2 April 2020.  The reduction is intended to free up bank capital to support further lending to businesses and households and help alleviate economic disruption arising from COVID-19. The Minister for Finance has also decided to defer the introduction of the Systemic Risk Buffer (the “SyRB”).

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