Oireachtas Joint and Select Committees

Thursday, 14 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Michael D'ArcyMichael D'Arcy (Fine Gael) | Oireachtas source

And in terms of within the financial sector in general, the cross-collateralisation of security and loans, some of the banks didn't know exactly who had what loans where and the securities were mixed up and took quite some time to resolve. If they didn't know, how did you know?

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