Oireachtas Joint and Select Committees

Thursday, 11 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Brian Patterson:

Yes, yes. Where they discovered late in the day that net worth statements were very flaky. They either didn't exist in some cases or they hadn't been independently verified and that some of the tests that the banks were believed to be applying to loan requests weren't being applied. So in other words, the ground on which that was based was very shaky.

Comments

No comments

Log in or join to post a public comment.