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, well ... I think from documentation we received it would be with individual institutions in relation to the stress testing. But when we look then at the IMF report from 2006 and it's Vol. 2, page 19, and this is the country report from August, it seems clear from that that the IMF is commenting on the stress tests but not commenting on tests that they've been involved in but tests that the Central Bank has conducted: "Central Bank officials noted that recent stress tests indicate that the major lenders have adequate buffers to cover a range of shocks." So this is the IMF noting what the Central Bank has noted, it's not an IMF judgment as to the stress test.
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