Monday September 28, 2020

Is yet another banking fudge coming our way?

Banking union is still urgently needed, but don't expect too much from the upcoming European Asset Quality Review and stress test, writes Megan Greene.

23rd February, 2014
It might be better for all the accounting companies if they just play nice and agree with one another's audit results.

Ireland has already had its banks forensically filleted several times since the Irish banking sector sank the state and pushed it into a bailout four years ago. The most recent Asset Quality Review (AQR) run by the Central Bank of Ireland was completed late last year, and concluded that Irish banks didn't need additional capital.

Some don't agree with these conclusions, but never fear: Ireland will have to undergo yet another AQR as part of...

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