Brian M. Lucey

Tag: banks

  • Recapitalising the Banks : November 28 2008

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    brianmlucey
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    Another oped for the Irish Times, from a similar group warning that unless we moved rapidly we would end up with credit crunches and zombie banks….   Only adequate recapitalisation of the banks is likely to stop them inflicting further pain on an already slowing economy, write Brian Lucey, Gregory Connor, Valerio Poti, Mark Hutchinson, Niall O’Sullivan, Patrick…

  • The richies are different….

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    brianmlucey
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    So Richie Boucher, the CEO of Bank of Ireland, is on a salary and benefits package of over 800k.  The BoI AGM is on today, and the Irish taxpayer owns 15% of BoI.   The minister for finance has declined to vote to reduce this package (and that of the part time chairman…). At the same time the…

  • Will Irish Banks need further recapitalisation? If so, who will pay?

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    brianmlucey
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    This is a version of my column in The Irish Examiner on 6 April 2013 . It was written before the talk at the Cantillon School at which the Central Bank revealed that upwards of 25b of SME loans were now impaired. That is 50% of these loans a truly astounding percentage Back in 2011 Blackrock…

  • The Banking Union: what’s in it for Ireland?

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    brianmlucey
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    This is an expanded version of an OpEd in the Irish Examiner published 15 December 2012 The new banking union proposals that are now emerging from the wreckage of the European economy are to be given a (very) cautious welcome. Without going the whole Naomi Klein “shock doctrine” route, its very clear that once again…

  • Public Sector, Private Sector, Public Money, Private Money

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    brianmlucey
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    I spoke yesterday at the Irish Proshares Association ( a branch of IBEC), along with Jim Power and Constantin Gurdgiev. A gloom of economists indeed.Part of the discussion after our presentation got me thinking of the nature of the “debate” in ireland, where much focuses on public sector versus private sector. The debate is posited…

  • Salary caps and chordates

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    brianmlucey
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    My intereview on Morning Ireland on Friday (here as a podcast) has generated more emails and random stoppings in the street (every single on positive) than any other comment or public utterance I have made over the last 4 years. People are (barely) able to comprehend €500,000, the salary range now going rate for running…

  • Tumbleweed time in the Irish Stock Exchange

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    brianmlucey
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    So the Irish Stock Exchange held  a conference  with EI on why companies should consider floating . As Simon Carswell says, its now time for the ISE to think long and hard about what it is it wants to be. One of the problems that bedevils the exchange is that it is no longer fulfilling one…

  • What can the banks realistically do for SME credit?

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    brianmlucey
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    This Is a version of a column which appears in the Irish examiner, Saturday 14 September 2012 The last few weeks have seen an economic clarity beginning to appear, as the dust of the bank collapse begins to settle. We see at the European level that there is an acceptance of the role Ireland played…

  • Ireland is not in Europe..

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    brianmlucey
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    This is an expanded and updated version of an opinion piece published in the Irish Examiner on Saturday 4 August 2011. National Culture is a funny fuzzy concept. Anyone who has ever dealt across different societies knows that cultures and how things are reflected in them differ widely. It can be thought of in this…

  • Euro deal saves Ireland? Maybe…

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    brianmlucey
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    It’s not clear that it does. I’m not sure it’s a seismic (Enda Kenny) or massive (Eamonn Gilmore) deal. And it happened because of Spanish and Italian pressure. So far as we can see at present there are three parts to this. The Spanish banks will be recapped directly from the EFSF and later the…