Forex Flash: S&P affirms stable outlook for Ireland – Deutsche Bank

FXstreet.com (Barcelona) - According to Macro Strategy Analysts J. Reid and C. Tan at Deutsche Bank, it was recently reported that banks in the EU may need to comply with liquidity coverage rules sooner than in other parts of the globe – Ireland, which holds the rotating presidency of the EU, is pressing for an agreement to have the rule take full effect on January 1, 2018, a year ahead of a deadline set just last month by global central bank chiefs.

On the topic of Ireland, the S&P revised the country's BBB+ rating outlook to stable following the government's decision to exchange promissory notes provided to IBRC for longer-term Irish government bonds. S&P says that the move will reduce the government's funding requirements and funding costs, and increases the likelihood of a full return by Ireland to private financing at the end of 2013.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

RELATED TOPICS