Oireachtas Joint and Select Committees
Thursday, 28 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
John Paul Phelan (Carlow-Kilkenny, Fine Gael) | Oireachtas source
Thank you, Chair, Mr. Neary. Just a couple of quick ones at the end in relation to the fall in commercial property prices that took place from about September 2007 until September 2008 of 20% in value. In light of the fact most international bank crises have been caused by over-lending into commercial property in particular, was there any analysis carried out by you or people within the regulator's office, in that fall in commercial property values?
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