Under-pressure Irish banks could help ease their pain and cut market concerns about tail risks in their portfolios by disclosing more and better information to the market, particularly to credit analysts, according to the governor of Ireland’s central bank and financial regulator.

Professor Patrick Honohan, governor of the Central Bank of Ireland said this morning at the Chartered Accountants Ireland Financial Services Seminar that there had been "muddy communication around the capital adequacy of the Irish banks. There is market concern about tail risk in the banks' portfolios".