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Thread: Results of the Irish Banks Stress Tests - Live Stream to Central Bank, Press Conference and Daíl

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    Default Results of the Irish Banks Stress Tests - Live Stream to Central Bank, Press Conference and Daíl


    Results of the Irish Bank Stress Tests will be made available at 4. 30 p.m. today.


    “The Central Bank of Ireland will publish the Financial Measures Programme report, which details the outcome of the 2011 review of the Prudential Capital Assessment Review (PCAR) and Prudential Liquidity Assessment Review (PLAR) for AIB, Bank of Ireland, EBS and Irish Life & Permanent, at a press conference on Thursday, 31 March at 4.30pm” The press conference will be available to view live online here from 4.30pm.
    The Financial Measures Programme report will be published here at 4.30pm.

    (Thanks to NAMAwinelake)


    http://www.centralbank.public-i.tv/s...&m=wms&l=en_GB

    LINK TO LIVE STREAMING CHANNELS FOR DAIL, SENATE AND COMMITTEE ROOMS

    http://namawinelake.wordpress.com/20...announcements/

    I'll merge this thread with the previous stress test thread tomorrow.

    http://www.politicalworld.org/showthread.php?t=7343

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    Default Re: Results of the Irish Banks Stress Tests - Live Stream to Central Bank, Press Conference and Daíl

    For your information...
    Stress test results likely to be covered live on TV by CNBC, Bloomberg, BBC World, Sky News etc but not by RTE TV?

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    Default Re: Results of the Irish Banks Stress Tests - Live Stream to Central Bank, Press Conference and Daíl

    Bank of Ireland Board still in place despite misleading the Oireachtas over bonus payments.

    Why on earth aren't these people being removed as they have demonstrated that they are either inept or prepared to lie their heads off? And stick their hands out for more public money.
    Think National. Act Local. Oh- and superstition is just the dark matter of human history.

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    Default Re: Results of the Irish Banks Stress Tests - Live Stream to Central Bank, Press Conference and Daíl

    24 billion is the amount

    Irish c.bank says each bank to have loan to deposit ratio of 122.5 pct by 2013 #stresstests

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    Default Re: Results of the Irish Banks Stress Tests - Live Stream to Central Bank, Press Conference and Daíl

    13.3bn aib

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    Default Re: Results of the Irish Banks Stress Tests - Live Stream to Central Bank, Press Conference and Daíl

    Bloomberg covering this -

    The banking stress tests show that collectively four financial institutions require a further €24billion in capital

    The breakdown is

    AIB requires €13.3 billion
    BoI requires €5.2 billion
    EBS requries €1.5 billion
    Irish Life and Permanent requires €4billion

    This will be the fifth attempt to recapitalise the banks, which have so far cost the State €46 billion.

    The final bill for the banking crisis is now expected to be €70 billion

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    Default Re: Results of the Irish Banks Stress Tests - Live Stream to Central Bank, Press Conference and Daíl

    A "miniselloff" in France, in anticipation of this.

    Will they all be nationalised by the end of the day ?

    More capital than required by Basel 3 will go into the banks.

    Tier One capital ratio of 10.5%

    Basel 3 is only 6% or 7% at emergency levels.

    70 billion euro worth of loans must be offloaded.

    "This is about confidence - where do you go to raise capital? Is this the end?"

    Patrick Honohan says this involves the restructing of banks

    EU wide at least 250 billion wanted - more than promised for the fund.

    Portugal is auctioning a 1 year bond auction - they must be desperate.

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    Default Re: Results of the Irish Banks Stress Tests - Live Stream to Central Bank, Press Conference and Daíl

    Why is he reading one of Lenihan's old speeches?

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    Default Re: Results of the Irish Banks Stress Tests - Live Stream to Central Bank, Press Conference and Daíl


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    Default Re: Results of the Irish Banks Stress Tests - Live Stream to Central Bank, Press Conference and Daíl

    Quote Originally Posted by FIVE View Post
    Why is he reading one of Lenihan's old speeches?

    Things have moved on and are even worse now, if that's possible, because we are getting forced to put extra money into these banks to make them attractive for sell off. Another gift to the private sector.

    "The first pillar will be Bank of Ireland - 30 billion will be shed by 2013 and will be limited mainly to Irish domestic business."

    ILP will be restructured.

    New Plans will be submitted to the EU to be checked under State Aid rules.

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    Default Re: Results of the Irish Banks Stress Tests - Live Stream to Central Bank, Press Conference and Daíl

    Oh christ, Noonan is talking about how we may get some money back if the banks prove to be overcapitalised (even more so than required)

    You are right about echoes of Lenihan.

    60 billion of private equity "has been destroyed" plus 10 billion of sub. bondholder money.

    "The Government's view is that there should be no half measures".

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    Default Re: Results of the Irish Banks Stress Tests - Live Stream to Central Bank, Press Conference and Daíl

    Noonan promises big changes in management and boards of banks and more integrated management structures -

    If Hogan, and Auctioneer, gets Environment, who will get the banks ?

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    Default Re: Results of the Irish Banks Stress Tests - Live Stream to Central Bank, Press Conference and Daíl

    Do they really think anyone is going to touch these banks for the next decade?


    This was in the Gavin Sheridan's FOI that time Maybe it was a member of FG who bought it.


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    Default Re: Results of the Irish Banks Stress Tests - Live Stream to Central Bank, Press Conference and Daíl

    The Government will hold a press briefing on today's Banking Announcement.


    Date: Thursday 31st March 2011

    Time: 6.45 pm

    Venue: Government Press Centre
    Department of the Taoiseach
    Government Buildings
    Merrion Street
    Dublin 2


    You are invited to send a representative to this photocall.

    Anyone want to go and represent Political World ?

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    Default Re: Results of the Irish Banks Stress Tests - Live Stream to Central Bank, Press Conference and Daíl

    There will be a technical briefing with Department officials on today’s announcements regarding the Banking System.

    The briefing will occur in the Department of Finance at 18.00 today, 31st March 2011.

    Media organisations are invited to send a representative.

    This is solely a technical briefing, therefore, no recording or cameras will be permitted at the briefing.

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