Irish regulators have decided not to hold a firesale of some €100 billion ($139.57 billion) of legacy assets at the country’s banks for fear such a move at this time would wipe out a £25 billion ($40.66 billion) capital buffer provided by the European Central Bank and International Monetary Fund and raise concerns about the stability of Ireland’s sovereign debt. The ECB and IMF have pressed for a quick sale of the assets to reduce the banks’ reliance on emergency funding from the two agencies.

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