Oireachtas Joint and Select Committees

Thursday, 7 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Okay, and would it be fair to characterise the work that each of you did as focusing on the backdrop within which the bank was operating, so looking at the economic assumptions, within the external environment? You weren't involved in the bank's strategy or the bank's business model, that it was looking at the broader economic picture within which the bank was operating. Is that ... is that essentially what the work involved, rather than looking at, you know, the bank's strategy?

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