PTSB not systemically important, says Central Bank

Permanent TSB is no longer required to hold extra capital as a buffer against future economic shocks and loan losses as it is no longer viewed as being systemically important to the Irish banking system by the Central Bank, writes Geoff Percival.

In its annual review of macroprudential capital buffers, the Central Bank has set out extra capital requirements — to be phased in between July 2019 and the same month in 2021 — for six institutions.