Regular stress tests will be feature for Irish under banking union

Irish banks will have to undergo regular stress tests as part of the new European Banking Union, one of the region’s top regulators told a conference in Dublin.

Daniele Nouy, chair of the supervisory board at the ECB, said, “stress tests are another tool in the tool box. They will go on for some time.”

However, these stress tests will not be on the same scale as the tests scheduled for later this year as part of the Comprehensive Assessment of the banking system, she added.