Oireachtas Joint and Select Committees
Wednesday, 18 February 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
The Commission did not see the risk in the banks building up large losses on their balance sheets because of their dependence on property-related lending. The Commission did not see this risk and its possible impact on the financial stability of the State.
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