March 13, 2020 / 1:30 PM / in 25 days

Ireland weighs capital buffer cut as virus spreads - Bloomberg News

FILE PHOTO: A coronavirus advice notice is seen next to an anti-bacterial gel dispenser in a college in Dublin, Ireland, March 4, 2020. REUTERS/Phil Noble

(Reuters) - Ireland’s central bank is considering allowing lenders release capital set aside to counter downturns amid the coronavirus crisis, Bloomberg News reported on Friday.

The regulator may cut the so-called counter-cyclical capital buffer from the 1% it is set at currently, Bloomberg News reported here citing a source.

Reporting by Rishika Chatterjee in Bengaluru; Editing by Shinjini Ganguli

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