Oireachtas Joint and Select Committees
Wednesday, 20 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Dargan Fitzgerald:
Certainly, I’ll do my best. First of all, I would say I’d ... I probably wouldn’t describe any of the accounting requirements of IAS 39 as absolutist. I would say that in terms of the way in which they prescribe the recognition of loan losses, they are certainly relatively tightly defined.
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