Banking Special: Sean Whelan: The stress tests are just the start - of far more importance is the Asset Quality Review
Performances by the Irish banks in the stress tests could lead to the state finally pulling out of the banking sector
The Stress Test and Asset Quality Review by the ECB is certainly not the last word on the state of Europe’s banks. In fact it’s more like the beginning of a new phase of developments for the sector.
Certainly the stress test part of it was the less important – you can pretty much design a test to find the outcome you want, and for the ECB that meant failing enough banks to ...
