The results were published in the Comprehensive Assessment report of the ECB in October 2014. The ECB found that around one out of five Eurozone banking groups was in need of recapitalisation. Out of the four top  BIS central bankers’ speeches  1  Irish banks, only Permanent TSB was found to need supplementary capital to fully withstand an adverse stress test.
At the same time, as the costs of type I errors, such as a missed call of a crisis, are so devastating, a new tendency prevails of making too many type II errors, for example by sending false signals of crisis.