What is the Breakdown for the €72 Billion Exposure,

What is the Breakdown for the €72 Billion Exposure,

Please see below a breakdown of the Liabilities of Anglo Irish Bank. The €72 billion figure is a relatively fluid figure as it is affected by currency changes and also some elements of the liabilities might not need to be paid in full if the bank were instantly liquidated.
Key Elements of Anglo Irish Bank’s Balance Sheet (End June 2010)
Deposits from Banks €33.3 bn
Customer Deposits €23.2 bn
Debt securities in issue €16.5 bn
Subordinated Liabilities €2.5 bn
Derivative Financial Instruments €4.4 bn
Other elements €0.5 bn
Total Liabilities €80.5 bn
What were the Recent Changes Announced by Government in Relation to Anglo Irish Bank, Asset Recovery Bank & Investment Bank,
The Government decided that Anglo Irish Bank will be split into a Funding Bank and an Asset Recovery Bank. Anglo Irish Bank has not expanded its loan book since it was nationalised in early 2009 and this will remain the case. It is intended that in due course the Recovery Bank will be sold in whole or in part or that its assets will be run off over a period of time.
The guaranteed position of depositors will be unchanged by the new arrangements. The depositors will become customers of the Funding Bank which will be fully capitalized and continue as a regulated bank.
What is the Purpose of the Change & what will be the End Result
"Today’s decision by the Government will provide certainty about the future of Anglo Irish Bank. Resolution of this, our most distressed institution, is essential to the promotion of confidence and stability in our financial system."-Minister Brian Lenihan
Under the restructuring plan, the Funding Bank will be a Government-backed/guaranteed specialist deposit bank which will contain the bank’s deposit book. It will be a stand-alone, regulated bank, completely separated from Anglo’s loan assets and it will be owned directly by the Minister for Finance. This bank will not engage in any lending, but will provide a secure home for Anglo’s depositors and any new customers who wish to deposit their funds with it. Depositors with the Funding Bank will be completely insulated from the future performance of the rest of the current Anglo Irish Bank loan book.
The Asset Recovery Bank will also be a licensed regulated bank. Its dedicated focus will be on the work-out over a period of time of the assets not being transferred to NAMA in a manner which maximises the return to the taxpayer.
The Government believes that it is essential to identify, with as much certainty as possible, the final cost for the restructuring and resolution of the bank. This will underpin international financial confidence in Ireland. Accordingly, the Central Bank will determine the appropriate levels of capital needed in both institutions. Its decision will be announced by October.

What is the Breakdown for the €72 Billion Exposure,

Please see below a breakdown of the Liabilities of Anglo Irish Bank. The €72 billion figure is a relatively fluid figure as it is affected by currency changes and also some elements of the liabilities might not need to be paid in full if the bank were instantly liquidated.
Key Elements of Anglo Irish Bank’s Balance Sheet (End June 2010)
Deposits from Banks €33.3 bn
Customer Deposits €23.2 bn
Debt securities in issue €16.5 bn
Subordinated Liabilities €2.5 bn
Derivative Financial Instruments €4.4 bn
Other elements €0.5 bn
Total Liabilities €80.5 bn
What were the Recent Changes Announced by Government in Relation to Anglo Irish Bank, Asset Recovery Bank & Investment Bank,
The Government decided that Anglo Irish Bank will be split into a Funding Bank and an Asset Recovery Bank. Anglo Irish Bank has not expanded its loan book since it was nationalised in early 2009 and this will remain the case. It is intended that in due course the Recovery Bank will be sold in whole or in part or that its assets will be run off over a period of time.
The guaranteed position of depositors will be unchanged by the new arrangements. The depositors will become customers of the Funding Bank which will be fully capitalized and continue as a regulated bank.
What is the Purpose of the Change & what will be the End Result
"Today’s decision by the Government will provide certainty about the future of Anglo Irish Bank. Resolution of this, our most distressed institution, is essential to the promotion of confidence and stability in our financial system."-Minister Brian Lenihan
Under the restructuring plan, the Funding Bank will be a Government-backed/guaranteed specialist deposit bank which will contain the bank’s deposit book. It will be a stand-alone, regulated bank, completely separated from Anglo’s loan assets and it will be owned directly by the Minister for Finance. This bank will not engage in any lending, but will provide a secure home for Anglo’s depositors and any new customers who wish to deposit their funds with it. Depositors with the Funding Bank will be completely insulated from the future performance of the rest of the current Anglo Irish Bank loan book.
The Asset Recovery Bank will also be a licensed regulated bank. Its dedicated focus will be on the work-out over a period of time of the assets not being transferred to NAMA in a manner which maximises the return to the taxpayer.
The Government believes that it is essential to identify, with as much certainty as possible, the final cost for the restructuring and resolution of the bank. This will underpin international financial confidence in Ireland. Accordingly, the Central Bank will determine the appropriate levels of capital needed in both institutions. Its decision will be announced by October.


What is the Breakdown for the €72 Billion Exposure,

Please see below a breakdown of the Liabilities of Anglo Irish Bank. The €72 billion figure is a relatively fluid figure as it is affected by currency changes and also some elements of the liabilities might not need to be paid in full if the bank were instantly liquidated.
Key Elements of Anglo Irish Bank’s Balance Sheet (End June 2010)
Deposits from Banks €33.3 bn
Customer Deposits €23.2 bn
Debt securities in issue €16.5 bn
Subordinated Liabilities €2.5 bn
Derivative Financial Instruments €4.4 bn
Other elements €0.5 bn
Total Liabilities €80.5 bn
What were the Recent Changes Announced by Government in Relation to Anglo Irish Bank, Asset Recovery Bank & Investment Bank,
The Government decided that Anglo Irish Bank will be split into a Funding Bank and an Asset Recovery Bank. Anglo Irish Bank has not expanded its loan book since it was nationalised in early 2009 and this will remain the case. It is intended that in due course the Recovery Bank will be sold in whole or in part or that its assets will be run off over a period of time.
The guaranteed position of depositors will be unchanged by the new arrangements. The depositors will become customers of the Funding Bank which will be fully capitalized and continue as a regulated bank.
What is the Purpose of the Change & what will be the End Result
"Today’s decision by the Government will provide certainty about the future of Anglo Irish Bank. Resolution of this, our most distressed institution, is essential to the promotion of confidence and stability in our financial system."-Minister Brian Lenihan
Under the restructuring plan, the Funding Bank will be a Government-backed/guaranteed specialist deposit bank which will contain the bank’s deposit book. It will be a stand-alone, regulated bank, completely separated from Anglo’s loan assets and it will be owned directly by the Minister for Finance. This bank will not engage in any lending, but will provide a secure home for Anglo’s depositors and any new customers who wish to deposit their funds with it. Depositors with the Funding Bank will be completely insulated from the future performance of the rest of the current Anglo Irish Bank loan book.
The Asset Recovery Bank will also be a licensed regulated bank. Its dedicated focus will be on the work-out over a period of time of the assets not being transferred to NAMA in a manner which maximises the return to the taxpayer.
The Government believes that it is essential to identify, with as much certainty as possible, the final cost for the restructuring and resolution of the bank. This will underpin international financial confidence in Ireland. Accordingly, the Central Bank will determine the appropriate levels of capital needed in both institutions. Its decision will be announced by October.

http://www.nama.ie/Publications/2010/NamaAWorkingSolutionPresentation14Sept2010.pdf