Oireachtas Joint and Select Committees
Thursday, 1 November 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Discussion with Bank of Ireland
11:00 am
Mr. Richie Boucher:
Moving from budget-specific, on a general basis we are required on an ongoing basis - as we look and report to the market and from an accounting standards point of view - to look to the value of our collateral. From a market point of view, it is important that we disclose to the market the assumptions we have made. The assumptions we have made is a peak-to-trough in Irish house prices-----
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