Oireachtas Joint and Select Committees
Thursday, 11 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Liam O'Reilly:
I think that this was a constant theme in the financial stability reports, the growth of indebtedness in the economy but it always came down at the end of the day - even up to 2008 when I wasn't involved - that there was adequate capital buffers to deal with the issue and that was mistaken.
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