Oireachtas Joint and Select Committees
Thursday, 7 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Dr. Dan McLaughlin:
I don't think it turned out to be quite the lowest point of the cycle but, in my view, it possibly was a mistake. I mean, the alternatives that were put forward was a type of insurance, which was basically adopted in the UK. So, as I said earlier, you know, there are advantages and disadvantages but I think it is interesting to note that it wasn't a model generally followed elsewhere.
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