A Crisis of Ethics: Moral Hazard and Banking Regulation in Ireland

Tobin, Damian

Abstract

This think piece argues that before Ireland's banking crisis, the regulatory emphasis was focused on the integrity of the banking system as a whole and the behaviour of individual banks was largely ignored. Regulators placed their faith in market data and believed assurances by banks that they were well capitalised. The banks adopted an approach that placed sustaining markets over professional ethics. The opinion piece shows that corporate governance improvements wee often cosmetic and banks themselves knew about the impending crisis far earlier than they admitted to government.

Citation

Tobin, D. (2010). A Crisis of Ethics: Moral Hazard and Banking Regulation in Ireland

• Report Type: Other
• Publication Date: Jan 1, 2010
• Deposit Date: Dec 17, 2016
• Publicly Available Date: Dec 17, 2016
• Publisher URL: https://issuu.com/tascpublications/docs/tobin_250310
• Additional Information: Corporate Authors/Creators : TASC