Oireachtas Joint and Select Committees

Wednesday, 6 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Richie Boucher:

As I've outlined in my answer to the question that you put to me earlier, Deputy, what happened in that committee meeting was an evolution of the purpose, which was to mitigate risk. It was decided that we would not take on new customers, and I was asked to ... I was asked or I volunteered to ensure the spirit of it was ... it would mitigate risk. And that would include finishing out sites, or having sites bought by other people but it was our own ... but we had our own land bank and to finish it out. And I either volunteered, or I was asked to oversee that, which would be unusual, and to reflect the debate that had taken place in the committee, where it wouldn't be provided to new customers.

Comments

No comments

Log in or join to post a public comment.