Ireland approves activation systemic risk buffer for banks
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DUBLIN (Reuters) - Ireland's finance minister on Thursday approved a request from the central bank to activate a so-called systemic risk buffer that would allow it to impose additional capital requirements on banks in the future to further protect the economy.Systemic risk buffers have been applied in some other EU economies. The central bank said in May that, for Ireland, the aim would be to add resilience against "tail risks" - economic shocks unlikely to occur but which would have a..