Who’s Afraid of Bank Stress Tests? Not Ireland’s Banks
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Ireland, home of the euro region’s worst banking crisis four years ago, is relaxed about the latest examination of its financial companies.
Irish banks needed to raise 24 billion euros ($30.1 billion) when last probed by the nation’s central bank three years ago. Now, only the smallest surviving bailed-out lender, Permanent TSB Group Holdings Plc, faces a capital shortfall after a European assessment this month, Finance Minister Michael Noonan signaled on Oct. 14.