Oireachtas Joint and Select Committees

Thursday, 23 April 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Dermot Gleeson:

I was reassured by two things: by Kevin Garvey saying:

IFSRA are looking into it. They're thinking of changing the standard. They do not regard it as significant.

And I was also reassured by something that ultimately didn't prove enough reassurance, that we used to be told, and it was true as a fact, that this included, as I say, office blocks, property in Poland, property in the United Kingdom, and it also included zoned and unzoned land, built houses, unbuilt houses, and so on, and that this made it ... well, I've said what I need to say.

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