AIB and BoI 'would have failed correct stress tests': Risk analysis firm

The European Bank Association is being criticised following last week's Europe-wide stress tests.

Risk analysis firm CheckRisk, said the tests, which eight out of 91 banks failed, were not strict enough.

The firm estimates that had the "correct" scenarios been tested, such as a Greek default, at least 25 banks would have failed.

Nick Bullman from CheckRisk says under their stress tests, AIB, Bank of ireland and Royal Bank of Scotland would not have passed: