Oireachtas Joint and Select Committees

Thursday, 21 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Eoghan MurphyEoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source

Okay. In the 2006 stress test there were two scenarios, shock scenario one and shock scenario two. Shock scenario one was the extreme scenario and it included a decline in house prices of 40%. Why was that?

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