Oireachtas Joint and Select Committees

Wednesday, 17 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

You state that this stress test, in your opening statement, conducted by the Central Bank and the Financial Regulator weren't based on the worst-case scenarios. Did the Department have concerns, or not, about the adequacy of these tests at the time and were those concerns expressed to the Central Bank or to the regulator?

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