Oireachtas Joint and Select Committees

Wednesday, 13 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Gerry Fitzpatrick:

Correct, Chairman. It covers a whole range of issues in relation to the financial instruments and has this element, which is an incurred loss model, which says you must look for objective evidence of the incurrence of a loss and at that point you make provision. And-----

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