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ARTICLE · 27 JANUARY 2023

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A New Macroprudential Policy Framework For Irish Property Funds

Ogier
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At the end of 2022, the Central Bank published its macroprudential policy framework for Irish property funds which includes leverage limits and regulatory guidance to avoid liquidity mismatch.

IrelandFinance and Banking
Laura Holtham
Laura Holtham
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At the end of 2022, the Central Bank published its macroprudential policy framework for Irish property funds which includes leverage limits and regulatory guidance to avoid liquidity mismatch. 

Alternative Investment Fund Managers of Alternative Investment Funds that are domiciled in Ireland will be in scope, provided they invest 50% of more of their assets directly or indirectly in Irish property, and are authorised under domestic legislation (Irish Property Funds).

The introduction of these measures highlights that Irish Property Funds have become key participants in the commercial real estate market – the Central Bank policy framework confirms that they held approximately €22.1bn of Irish property at mid-2022. The aim of the policy is to strengthen resilience in the property fund sector before adverse shocks occur.

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