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-Irish central bank governor calls for speedy corporate restructuring.

Global Banking News-September 28, 2012--Irish central bank governor calls for speedy corporate restructuring(C)2012 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 28 September 2012

The governor of the central bank of Ireland, Patrick Honohan, has said that corporate restructuring needs to be speeded up in the country.

While making his opinion at a Corporate Restructuring Conference in Dublin, he called for a speedy and surgical approach to corporate restructuring and said that such a move could have a big impact on struggling firms.

Honohan said, 'Given the large number of firms still under pressure, implementation of an effective and speedy but surgical approach to corporate restructuring could have a big impact. Every month that passes for an un-restructured distressed corporate is an energy-sapping lost opportunity for recovery.'

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Publication:Global Banking News (GBN)
Date:Sep 28, 2012
Words:151
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