Oireachtas Joint and Select Committees
Thursday, 21 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Eoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source
Okay. When the Central Bank wrote to the institutions in 2006 about conducting a stress test, this was in February and the test took place then over the next couple of months, it didn’t mention the IMF at all. The rationale that was given at the time, from the documentation that has been provided to us about stress testing, was that it was in relation to vulnerabilities highlighted in the 2005 financial stability report. So, was that test in 2006 because the IMF requested it or was it because of worries that the Central Bank had?
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