Dáil Éireann Debate, Wednesday - 1 June 2011
90 Deputy Michael McGrath asked the Minister for Finance when he expects the results of the new stress test exercise into Anglo Irish Bank and Irish Nationwide Building Society to be available; and if he will make a statement on the matter. [13802/11]
View answerAs the Deputy will be aware, the results of the stress test exercise in respect of Anglo Irish Bank and Irish Nationwide Building Society were published yesterday and can be accessed at www.centralbank.ie. The overall conclusion is that the previous analytical results were reasonable and that no new capital will be required as a result of these tests. The two institutions have been adequately capitalised to meet the expected losses. Further capital would only be required if the losses were at the stress or worst case estimates.
