Oireachtas Joint and Select Committees

Wednesday, 4 March 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

On Anglo Irish Bank, Professor Ahearne described how he arrived at his assessment that there would be a hard landing. He did not have access to the internal data available to the banks, which the Central Bank may also have had. If he had been aware of the information provided in the Nyberg report, which shows that 50% of Anglo Irish Bank's loan book was held by 20 individuals, what types of warning would he have issued before the crisis?

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