Oireachtas Joint and Select Committees

Thursday, 28 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Patrick Neary:

I don't think you can necessarily deduce that, unless we are suggesting it was deliberately put forward by the banks to deceive Pricewaterhouse but, I mean, a lot happened between September 2008 - in terms of asset values and the collapse in the value of property - and even a year later, I mean, it was a different world. So, as far as I'm aware, the professional approach taken by Pricewaterhouse was ... was ... while it did rely on the banks ... but it questioned and interrogated the information.

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