IntroductionBy the late 1990s, the Irish economy was booming, the unemployment rate fell to around 4% and productivity continued to grow. However, from 2002 onwards the nature of the boom began to change. Labor production was no longer increasing, inflation was excessive and growth in gross domestic product (GDP) was increasingly linked to the housing market. In 2006, although public finances still appeared solid, this was misleading; the Irish economy was heavily dependent on the property boom. Covered banks accounted for over 65% of Ireland's overall property-related lending growth (including 100% mortgages and tracker mortgages) and excess lending to property developers in Ireland, highlighting even more the greed of the bankers. The systematic failure, according to the report, was the expansion of the bank-financed housing bubble. Between 2002 and 2008, bankers demonstrated a high level of greed, combined with a disregard for risk and a gross error of judgment with which few bankers could disagree. This is evident from the very uneven increase in lending across sectors. Residential mortgages and loans to the construction and real estate sector have far outpaced the growth of all other sectors combined (see Fig1 15). For example, lending to this sector has grown at an annual rate of almost 45%. This effectively created a housing bubble and, like all bubbles, they burst, heavily influencing the Irish financial crisis. This, linked to the global economic crisis, has considerably increased the pace of the crisis. The introduction of the Eurozone allowed Anglo and INBS to compete in the Irish market. Unfortunately, this resulted in voluntary work... middle of paper ...... banks and other financial institutions would also be required to have a reporting system. If these reports contain all the information necessary to predict future crisis or reckless behavior by banks, then a procedure can be put in place to guide banks in the appropriate approach. In conclusion, we believe that the recommendation we have suggested in this report provides an appropriate basis for building a sustainable and prudent financial system in this country. This will make it easier for the financial sector to emerge from this crisis and, in the future, to avoid causing things to the current extent as much as possible. As the report suggests, everyone has contributed in their own way to this crisis, we believe it is up to each of us to contribute to the overall recovery from this financial crisis and to the recovery of the nation in general..