Oireachtas Joint and Select Committees

Thursday, 21 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

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

Yes. It's analysis that was concluded by ... based upon the assessment of a financial institution, which I'm not naming ... but, what I'm asking Mr. Hurley, for a comment upon the level of indebtedness of the personal sector coinciding with the indebtedness of eight financial institutions and I'm quoting Vol. 2, page 176, that is not available, I believe it is a section 33AK-protected document, approximately 82% of a loan book of a financial institution is commercial real estate, 1% is residential and about 17 other are corporate loans. Both of those coincided to the crash of the entire banking sector that occurred upon your watch. Could you comment upon that please?

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