2012/375/EU: Council Implementing Decision of 22 June 2012 amending Implementing Decision 2011/77/EU on granting Union financial assistance to Ireland

‘10 Ireland shall, in 2013 and in line with specifications in the Memorandum of Understanding, complete stress tests of the banks that were included in the PCAR 2011. The stress test will be aligned to the European Banking Authority (EBA) exercise, and build on the outcomes from PCAR 2011 and the Financial Measures Programme 2012. The stress test will be rigorous and continue to be based on robust loan-loss forecasts and a high level of transparency. The publication of the results will coincide with the next EBA exercise.’.

This Decision is addressed to Ireland.