AIB, BoI face tougher stress tests

IRELAND’S two largest banks will undergo tough stress tests over the next few months, raising questions about their future viability.

AIB and Bank of Ireland both passed tests last year but within months had a capital shortfall that eventually led to the Government being forced to take a bailout from the EU-IMF.

This helped undermine the credibility of the stress tests carrIed out on 91 banks last July and has led to calls for much more stringent and comprehensive testing.