Oireachtas Joint and Select Committees

Thursday, 14 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Richard Burrows:

We weren't. We weren't paying attention to the risk that attached to those growth levels, and bear in mind, what I said in my opening remarks which was that we were operating in an economy which was itself growing very quickly. We were operating in a situation of rising employment, rising population and a huge demand for housing. That was what was occasioning the opportunity to grow the size of the balance sheet.

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