Dukes pushes for ‘rigorous’ stress tests

ANGLO Irish Bank chairman Alan Dukes has emphasised that stress tests carried out at the banks must be “rigorous and realistic”.

He made his point as it emerged that Irish banks may need a further €50 billion of capital.

In a hard-hitting speech yesterday the former finance minister also said the eurozone must quickly replace funding the European Central Bank provides to Irish banks to ensure they do not bring the entire system down.