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
The UBS report was based not on residential but on commercial property. The sell recommendation for AIB and Anglo Irish Bank was because of their exposure to that sector.
In March 2008 Fitch downgraded its ratings for Irish Nationwide Building Society, citing the bank's high exposure to a small number of commercial property developers. Did Ms Hunt take any cognisance of that report or change her opinion about the concentration of lending?
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