Oireachtas Joint and Select Committees

Wednesday, 13 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Susan O'KeeffeSusan O'Keeffe (Labour) | Oireachtas source

Okay. In point 19 yourself, you say: "We reported that the going concern assessment relied on the RBS Group's management of capital and funding on a group-wide basis". I take it this is in reference to point 14, where you say the directors confirm "it was appropriate to prepare the financial statements of the bank on a going concern basis...". So I'm taking it, is this some kind of qualification? "We reported the going concern assessment relied on the RBS Group's management of capital funding on a group-wide basis". It sounds to me like some kind of qualification but maybe not.

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