Oireachtas Joint and Select Committees

Thursday, 21 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. John Hurley:

Well, you can come to that conclusion on the basis that there isn't a tried-and-tested method of calibrating second-round effects. It's the non-linearities that give rise to the problems within the stress test ... that is the difficulty with all stress tests.

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