Oireachtas Joint and Select Committees
Thursday, 2 April 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
When Ms Hunt says no one could have anticipated it, I put it to her that UBS issued a report to its investor clients to sell on AIB and Anglo Irish Bank because of the concentration of lending and because they believed commercial property prices were going to drop by 30%, which her firm said was fundamentally flawed. Is it not the case that UBS and others saw a decline in the commercial property market but CBRE dismissed that evidence publicly?
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