Banking Policy Division

The role of the Division is to advise and support the Minister for Finance’s and the Government’s objectives and strategies for the banking sector in Ireland. This should ensure a sound sustainable and innovative banking system capable of driving economic growth and job creation while providing banking services to the population at large in a way that is fair and just.

The Banking Division was established as a separate Division in the Department in 2012 to focus on banking related issues, and particularly to manage the Government’s interest in the institutions that have received support from the State. The role of the Division is to advise and support the Minister for Finance’s and the Government’s objectives and strategies for the banking sector in Ireland. This should ensure a sound sustainable and innovative banking system capable of driving economic growth and job creation while providing banking services to the population at large in a way that is fair and just. The Division, working closely with the Central Bank of Ireland, aims to secure

  • (i)  financial stability and
  • (ii) an effective banking financial sector,

while safeguarding the interests and promoting the development of banking services. At present an important part of securing an effective banking sector relates to the management of the State’s shares in a number of credit institutions, as well as policies relating to the provision of credit in the economy. In addition, more system-wide analysis of potential risks to financial stability is an integral aspect of the work of the Division. During 2011 the Banking unit in the NTMA, who had been delegated the Minister for Finance’s role in managing the State’s shareholding in the financial sector, were integrated into the Banking Division in the Department, streamlining the State authorities’ involvement in the banks in which the State is a shareholder.

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