Oireachtas Joint and Select Committees
Thursday, 23 April 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Donal Forde:
No, no. No, I don't think we did. No, I don't think we anticipated ... sorry - we did not anticipate the level of structural change that came about in the interbank funding markets. We had never anticipated a scenario where, essentially, you would have to borrow money at such premium in the marketplace. No, we had not anticipated that properly.
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