Oireachtas Joint and Select Committees
Wednesday, 2 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Michael Walsh:
Sorry, when you come to stress tests, the reality is there were stress tests done in 2006, there were stress tests done again in 2008. And the answer in relation to both of those stress tests is the society passed with flying colours. And the reason it did was because it had a very high level of capital and a very high level of absorption capability.
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