Oireachtas Joint and Select Committees

Wednesday, 6 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

Yes, final question. At another meeting on 14 May 2007 - it's on the same page as the book of evidence, it was noted and I quote "the bank lacked a real understanding of the wider group liquidity, and we were unable to explain the inherent structural risk." And again, this isn't ... this is not the same minute that I referred to earlier on. This is a number of months earlier, your bank failed ... were unable to explain the inherent structural risk and lacked a real understanding of the wider group liquidity.

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