Oireachtas Joint and Select Committees

Thursday, 21 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. John Hurley:

Yes, I was. When I was retiring and leaving, I mentioned to the Minister and to the Taoiseach that, because of my illness, I would not stay on long, although I was renewed for the seven-year term. I wanted to stay until the end of the discussions in the ECB about the NAMA process, and I told the Minister at the time that I would probably try and wind up after that because I had been very ill. But, the question you asked is about the valuations at the time and the answer to the question is I was very surprised. When, eventually the valuations emerged, I never expected-----

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