The Financial Regulator has pledged to build confidence in the banking network, saying that we are 'at a very fragile point still within the system here and internationally'.
The regulator's acting chief executive, Mary O'Dea, says the organisation is taking action to rebuild confidence in the regulatory system.
But she said Ireland was in the 'middle of a very deep crisis'.
Her comments followed publication of a report into directors' loans after the Anglo Irish Bank scandal.
The report, which covered a three-year period from December 2005, found that none of the directors' loans at the six financial institutions were in arrears and that all of the loans complied with limits set by the regulator.
But it did find some inaccuracies in some of the director disclosures in annual financial statements, while one institution was found to have omitted two loans of €16,000 from the data it submitted to the regulator late last year.
The regulator said it would look at what action to take in the case of this institution, which it did not name.
The review found that a total of almost €26m in loans was outstanding to directors and people connected to directors in the six institutions by the end of 2008.
The largest loan to a director not disclosed was for €148,000, while a loan of €11.3m to a business connected to a director was not disclosed.
The regulator has introduced new disclosure requirements on directors' loans.
These require financial institutions to give details of the maximum amount loaned to a director during a financial year, as well as details of any unpaid interest or any provision for non-repayment of all or part of a loan.
It will also look at reducing the current limit for amounts which can be loaned to directors and introduce new rules covering how such loans are approved.
