Oireachtas Joint and Select Committees

Thursday, 14 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Terence O'Rourke:

But the issue is, when we said with AIB, "There is a security missing here, make an actual provision". You only make an actual provision where there is actually a loss or default, so the fact that a security might have been missing on a good loan does not make that loan bad or does not need a provision against it.

Comments

No comments

Log in or join to post a public comment.