Every two months, Ireland’s top financial officials meet to swap information and spot potential threats to the country’s financial stability. The group is called the Financial Stability Group (FSG). The FSG was set up on the recommendation of the IMF in 2016. It includes officials from the Department of Finance, the NTMA and the Central Bank. Its purpose is to share information, coordinate responses, and make contingency plans. The Department of Finance has just published the minutes of the FSG meeting from the June 1 this year. As is normal, the different groups — NTMA, Finance and Central Bank —…

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