independent

Wednesday 16 April 2014

Irish banks 'well-placed' for tests

IRISH banks are probably better placed going into European-wide stress tests later this year in part because of the bailout programme, out-going Central Bank official Fiona Muldoon told Trinity College students last night.

Five banks here will be subject to so-called 'stress tests' in the autumn as the ECB gets ready to take over as Europe's main bank supervisor.

"I think it means that banks in Ireland are probably better placed in some respects given what we've been through with them over the last few years and given the troika programme,'' Ms Muldoon told the Trinity Economic Forum in Dublin.

Irish Independent

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