The European Banking Authority (EBA) today published the outcome of its 2016 stress test.
Two Irish banks were subject to the exercise conducted by the EBA, in cooperation with competent authorities (including the Central Bank of Ireland), the European Central Bank (ECB), the European Commission (EC) and the European Systemic Risk Board (ESRB).
The results for the Irish banks are available at the following links:
- View results for Allied Irish Banks plc
- View results for Governor and Company of the Bank of Ireland
- EBA Press Release
The results will inform the 2016 Supervisory Review and Evaluation Process for banks, which will be conducted by Joint Supervisory Teams made up of staff at the European Central Bank and the Central Bank of Ireland.
European Central Bank – Uta Harnischfeger, tel.: +49 69 1344 6321; Rolf Benders, tel.: +49 69 1344 6925
- Allied Irish Banks plc and the Governor and Company of the Bank of Ireland are subject to supervision by the European Central Bank via a Single Supervisory Mechanism (SSM). The SSM is a system of financial supervision comprising the ECB and the national competent authorities of participating EU countries.
- The main aims of supervision via the SSM are to ensure the safety and soundness of the European banking system and to increase financial integration and stability in Europe.