The ISEQ Index of Irish shares was down more than 5% this morning following significant falls in the value of bank shares.
AIB's share price was down almost 30% just after 11am, while Bank of Ireland had seen its price fall more than 16%.
Irish Life & Permanent shares had also lost more than 14% of their value.
The falls are believed to be linked to concerns that the establishment of NAMA could take several more weeks.