Bill Hobbs,

a respondent at Irish Economics blog wrote,

"It’s an interesting area. Why is it co-operatives and mutual banking
firms have not established a real presence in Ireland’s banking
system? Credit Unions remain fragmented with the EBS is the only
genuine building society left, albeit barely standing. Yet across
Europe, US, Canada and Australia such organisational forms have a
large presence in domestic banking markets providing consumer,
business and corporate banking services. The dominant Irish banking
model has been the joint stock bank since the late 18th century."

http://www.irisheconomy.ie/index.php/2009/09/08/banking-regulation-in-ireland-and-spain/

Brian O' Hanlon
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