Taxpayers can breathe easy again
For AIB and Bank of Ireland, the stress tests have proved they can stand on their own two feet.
The publication of the results of the stress tests on Europe’s banks last week has helped cast light on where vulnerabilities remain.
But they also lay an important foundation stone for the long overdue task of strong, effective and consistent pan-European banking supervision, while at the same time highlighting the continuing challenges for the supervisors, the regulators and the banks themselves.
And for Ireland’s two pillar banks, Bank of Ireland and AIB, it...
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