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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