Oireachtas Joint and Select Committees

Wednesday, 20 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. John McDonnell:

No, because it's not our assessment, as I said, it's not our role to talk about what the bank's strategy was, what its policies were, what options are available to the management if it's a business. What our job is "What loans have they entered into at the year end?", "Are those loans properly accounted for?" In the context of are they are properly accounted for, "Has impairment on those loans, as they exist at the balance sheet, has that been properly calculated?" That is our role - that's where it begins and ends, Deputy.

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