Oireachtas Joint and Select Committees

Wednesday, 4 September 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Financial Sector: Discussion with Ulster Bank

1:55 pm

Mr. Jim Brown:

Yes. I mentioned this in my opening remarks. Mr. Bell may wish to comment as well. In my opening remarks I commented that we need to work through and be clear about the definition of "sustainable". In terms of the numbers that we declared for the second quarter results, we took a very conservative definition. When we start considering cases such as the one the Chairman mentioned, careful consideration needs to be given about whether they meet the definition of sustainable.

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