Tuesday, November 23, 2010

Rewind: Irish Banks pass Stress Tests in July 2010

by Calculated Risk on 11/23/2010 11:56:00 PM

Earlier on existing home sales:

  • October Existing Home Sales: 4.43 million SAAR, 10.5 months of supply
  • Existing Home Inventory increases 8.4% Year-over-Year

    The Irish bank stress tests ...

    The Central Bank and Financial Regulator CEBS July 2010 Stress Test Results
    Allied Irish Banks plc
    The exercise was conducted using the scenarios, methodology and key assumptions provided by CEBS. As a result of the assumed shock under the adverse scenario, the estimated consolidated Tier 1 capital ratio would change to 7.2% in 2011 compared to 7.0% as of end of 2009. An additional sovereign risk scenario would have a further impact of 0.70 of a percentage point on the estimated Tier 1 capital ratio, bringing it to 6.5% at the end of 2011, compared with the CRD regulatory minimum of 4%.
    And The Central Bank and Financial Regulator CEBS July 2010 Stress Test Results
    The Governor and Company of the Bank of Ireland
    As a result of the assumed shock under the adverse scenario, the estimated consolidated Tier 1 capital ratio would change to 7.6% in 2011 compared to 9.2% as of end of 2009. An additional sovereign risk scenario would have a further impact of 0.50 of a percentage point on the estimated Tier 1 capital ratio, bringing it to 7.1% at the end of 2011, compared with the CRD regulatory minimum of 4%.
    And today from the Irish Times: Dramatic fall in value of Irish bank stocks

    Ooops ...