Oireachtas Joint and Select Committees

Wednesday, 29 April 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. David Duffy:

I think it contributed materially to its own downfall due to the position it arrived at with, you know, excessive concentration in an asset class that was materially reducing in terms of value and then, you know, in that environment having a huge dilution of its capital and its funding base was very volatile. So I think, you know, it was a contributor due to the concentration risk.

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