Oireachtas Joint and Select Committees
Thursday, 21 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. John Hurley:
Oh yes, but that's a general comment on stress testing as a methodology and it's the linkage between first and second-round effects. I mean, that's a valid comment but it does mean that stress testing methodology is imperfect. It's certainly has been developing over the years and wasn't fully developed at this time and still the ability to take in second-round effects ... greatly limited, I think.
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