On Thursday, 28th March, the Irish Chapter of PRMIA held their latest event, “Financial Sector Risks in a Low Interest Rate Environment”, at the Dublin offices of Deloitte.
Special guest speaker John Fell, The ECB’s Deputy Director General for Macroprudential Policy & Financial Stability, reflected on the current state of affairs of banking in Europe.
Discussions covered included:
Risks to banking stability & profitability if interest rates remain low for a long time
Repercussions of pension funds and other investors chasing yield
Growth and Impact of non-bank lending
Recent rapid rise in commercial property values across the EU
This was followed by a good Q&A session chaired by Alan Bluett (PRMIA Ireland Co-Regional Director).
The event was opened by Monika Smatralova (PRMIA Ireland Regional Director).
Special thanks to John Kernan, Director Risk Advisory, Deloitte for kindly hosting the event.
From Left to Right: Carol O'Conor (PRMIA), Monika Smatralova (PRMIA Ireland Regional Director), John Fell (Deputy Director General for Macroprudential Policy & Financial Stability, The ECB), John Kernan (Director Risk Advisory, Deloitte) , and Alan Bluett (Deputy Regional Director PRMIA Ireland).