Oireachtas Joint and Select Committees

Thursday, 19 October 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Engagement with the Central Bank of Ireland

9:30 am

Mr. Ed Sibley:

I can certainly provide details of the assumptions that were used in stress testing. However, stress testing is in no way a forecast. The way I would look at stress testing is that it gives a degree of sensitivity analysis. It shows how sensitive a bank is to different scenarios or issues emerging, rather than giving one, two or three definitive answers.

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