Stress tests and funding and capital plans can be helpful with decisions concerning the activation and calibration of both micro and macro-prudential policies, to the extent that they help to identify potential vulnerabilities in the financial system and provide a mechanism to address them preemptively.
Philip R Lane: The Central Bank of Ireland in 2016 Address by Mr Philip R Lane, Governor of the Central Bank of Ireland, to the Institute of Directors, Dublin, 22 January 2016. *  *  *  Good afternoon. It is a pleasure to speak at the Institute of Directors.