Deserves its own thread I feel.
In case you are an ostrich and haven't been following the financial news recently, there's a reasonable guide to the stress tests here.
AIB and Bank of Ireland are the two banks being stress-tested here. It will be fascinating to see the test results released later. I have a problem with the relative opacity of the stress criteria and also with the fact that the tests are being carried out by the national regulator. That aside, the tests promise to be quite informative and may (if market participants are happy with the test criteria) serve to increase confidence in the European banking sector.
Keep an eye on the CEBS website for the test results. Can I suggest that we discuss the results here?