Oireachtas Joint and Select Committees

Wednesday, 11 February 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Professor John FitzGerald:

I would have to go back and look but what PTSB say is its business, what the ESRI says is its business. There would be the index and then they would publish their view of the index and if necessary we would publish a different view. We published our view on the dangers of the housing market, which were very different from what the banking sector was saying. So it did not compromise our independence, but I suspect what the Deputy is talking about is a report published by PTSB using the joint index, rather than a joint report. I could be wrong in that because I am not familiar with it.

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