Behind the Data

Behind the Data Behind the Data shines a light on interesting financial and economic trends by taking a closer look at data collected the Central Bank.

Exchange Traded Funds Held by Households: A Securities Holdings Perspective

Patrick Hughes and Siobhán O’Connell
January 2020

The Central Bank of Ireland publishes a wide range of data on investment funds. However, there is one fast-growing part of the sector for which there is limited information available. Exchange Traded Funds or ETFs are funds traded on stock exchanges the same way as equities. ETFs have experienced exponential growth both in Ireland and the euro area in recent years but information on the sector is lower compared to other fund categories, particularly with respect to household holdings. This “Behind the Data” piece fills that information gap and takes a closer look at the sector’s rapid rise.
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The Who’s Who of Irish Collateralised Loan Obligations

Barra McCarthy, Tarek Elbay, Pierce Daly and Simone Cima
November 2019

Recent growth in corporate indebtedness has been identified by the European Central Bank, US Federal Reserve, Bank of England and Central Bank of Ireland as a potential financial stability risk. Specifically, they have highlighted the growing size of the market for leveraged loans. These are subprime loans provided to borrowers who already have significant debt, or have a poor or non-existent credit history. A significant portion of leveraged loans are syndicated, which means that there are multiple lenders providing the loan.
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A New High in Irish Household Wealth: What is Different this Time?

Faris Bader and Cormac O'Sullivan
June 2019
The wealth of the Irish household sector has surpassed the pre-crisis peak. This recovery, outlined in recent Quarterly Financial Accounts, primarily reflects developments in house prices, the accumulation of financial assets as well as the considerable deleveraging that followed the financial crisis.
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