Appendix 13: List of Abbreviations

ACS

Asset Covered Securities

ACC

ACC Bank Plc

AG

Attorney General

AIB

Allied Irish Bank

Anglo

Anglo Irish Bank

BED

Budget and Economic Division

BOI

Bank of Ireland

BSD

Banking Supervision Department

C&AG

Comptroller and Auditor General

CARB

Chartered Accountant’s Regulatory Board

CB

Central Bank of Ireland

CBFSAI

Central Bank & Financial Services Authority of Ireland

CDS

Credit Default Swap

CEO

Chief Executive Officer

CFO

Chief Financial Officer

CGT

Capital Gains Tax

CIF

Construction Industry Federation

CIFS

Credit Institutions Financial Support Act 2008

CRD

Capital Requirements Directive

CRE

Commercial Real Estate

CRO

Chief Risk Officer

CSO

Central Statistics Office

DIRT

Deposit Interest Retention Tax

DOF

Department of Finance

DGS

Deposit Guarantee Scheme

DSG

Domestic Standing Group

EBS

Educational Building Society

ECB

European Central Bank

ECOFIN

Economic and Financial Affairs Council

EFSF

European Financial Stability Facility

EFSM

European Financial Stability Mechanism

ELA

Emergency Liquidity Assistance

ELG

Eligible Liabilities Guarantee

EMU

European Monetary Union

ESCB

European System of Central Banks

ESRI

Economic & Social Research Institute

EU

European Union

FMP

Financial Measures Programme

FR

Financial Regulator

FRC

Financial Reporting Council

FSC

Financial Services Committee

FSAP

Financial Sector Assessment Programme

FSSA

Financial Systems Stability Assessment

FSR

Financial Stability Report

GAC

Group Audit Committee

GDP

Gross Domestic Product

GIA

Group Internal Audit

GNP

Gross National Product

GRPC

Group Risk Policy Committee

HRE

Hypo Real Estate

IA

Internal Audit

IAS

International Auditing Standards

IAS 39

International Accounting Standard 39

IAVI

Irish Auctioneers and Valuers Institute

IBF

Irish Bankers Federation

IBNR

Incurred But Not Recognised

IBRC

Irish Bank Resolution Corporation

ICAAP

Internal Capital Adequacy Assessment Process

ICAI

Institute of Chartered Accountants Ireland

ICTU

Irish Congress of Trade Unions

IFAC

Irish Fiscal Advisory Council

IFRS

International Financial Reporting Standards

IFSC

International Financial Services Centre

IFSRA

Irish Financial Services Regulatory Authority

IL&P

Irish Life & Permanent PLC

IMF

International Monetary Fund

INBS

Irish Nationwide Building Society

IPAV

Institute of Professional Auctioneers & Valuers

IT

Information Technology

JLL

Jones Lang LeSalle

LDR

Loan-to-Deposit ratio

LEV

Long-term Economic Value

LME

Liability Management Exercises

LOTS

Living-over-the-shop Scheme

LTV

Loan-to-Value

MAC

Management Advisory Committee

MIS

Management Information Systems

ML

Merrill Lynch

MoU

Memorandum of Understanding

MTN

Medium Term Note

NAMA

National Asset Management Agency

NBER

National Bureau of Economic Research

NED

Non-Executive Director

NPRF

National Pensions Reserve Fund

NRP

National Recovery Plan

NTMA

National Treasury Management Agency

OECD

Organisation for Economic Cooperation and Development

PAC

Public Accounts Committee

PCAR

Prudential Capital Assessment Review

PLAR

Prudential Liquidity Assessment Review

PTSB

Permanent TSB

PwC

PricewaterhouseCoopers

RBS

Royal Bank of Scotland

RWA

Risk Weighted Assets

SCS

Society of Chartered Surveyors

SDZ

Strategic Development Zone

SGP

Stability and Growth Pact

SME

Small and Medium-sized Enterprises

SRA

Single Regulatory Authority

SSIA

Special Saving Incentive Account

SSM

Single Supervisory Mechanism

TARP

Troubled Asset Relief Program

TMB

The Mortgage Bank (internal reference used by BOI)

TRS

Town Renewal Scheme

UB

Ulster Bank Ireland Limited

URS

Urban renewal scheme

USC

Universal Social Charge

VAT

Value Added Tax