Oireachtas Joint and Select Committees
Wednesday, 6 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Susan O'Keeffe (Labour) | Oireachtas source
Thank you. In Vol. 1, B2, page 3, it says that, "Additional risk transfers [are] required by [the] end of April", and a memorandum to the board dated August 2007, also in that book on page 16, notes that risk transfers had amounted to €4.5 billion, exclusive of some "notes which are transacted for Large Exposure risk diversification purposes". So, I'm wondering if you can explain to us what is happening here, what was going on?
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