Irish banks conclude ECB stress tests talks

It is believed that the Irish banks have concluded their meetings with the ECB to discuss the comprehensive assessment of the banking system.

The heads of AIB, Bank of Ireland, Permanent TSB, Ulster Bank and Merrill Lynch’s Dublin operations were all in Frankfurt over the past few days and held individual meetings which lasted roughly three hours with ECB officials, according to people familiar with the situation.

The comprehensive assessment of the banking system consists of an asset quality review and stress tests, which will determine if banks are sufficiently well capitalised to withstand future losses.