Oireachtas Joint and Select Committees
Thursday, 14 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Paul Dobey:
-----disclosure that's set out in detail in the financial statements. And it's mentioned in a number of places, but the most significant is on page 119 of those financial statements. As I mentioned to you, we had a dialogue with the Government, and with the Financial Regulator, and with the Central Bank of Ireland. Following those meetings, we input, I remember I sent a draft of a disclosure I thought I would like to go into the financial statements in relation to the going concern basic preparation, there was some discussion with AIB as to how fulsome that disclosure would be, and there was a dialogue with the Department of Finance as to how fulsome that would be, and we were satisfied in the end. We might have liked a different form of words, but we were satisfied after extensive discussions with AIB that the form of words were appropriate and set out the position and confirmed the position that had been confirmed by the Minister for Finance at the time.
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