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

Yes, yes, okay. And a number of you said already that you weren't asked your opinion on the concentration of risk, the dependence on, you know, the property and construction sector. Is that a fair statement, that you were never involved in those type of discussions, that, you know, the bank were putting a lot of eggs in one basket here, "As an economist I see a risk"? Would you have had a forum to do that or was that really outside of your mandate? And, feel free, anyone, to take that.

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