Oireachtas Joint and Select Committees
Wednesday, 31 October 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Operations and Functioning of IBRC: Discussion
12:00 pm
Mr. Mike Aynsley:
The condition of the market, rather than the bank, is the key driver behind this. As the market falls, one needs to assess the value of the underlying collateral and the likelihood of repayment by the borrower. These are the main things that drive impairment in a provisioning process.
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