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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