Oireachtas Joint and Select Committees
Wednesday, 27 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Tony Grimes:
We were certainly concerned about them. The simulation exercise, though, was a little different in that it looked specifically at what would happen if one individual bank were to fail or close to failure. We never tested, you know, a systemic issue. I think that conditioned to some extent ... yes ... the lessons that we took from the experience.
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