Oireachtas Joint and Select Committees

Thursday, 25 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Professor Patrick Honohan:

Yes. The ... as you will recall from my written statement, the definition of solvency is using conventional accounting measures, not looking for possible negative effects of the future. They were judged to be solvent, two of them because they had got, well three of them I suppose, because they had received promissory notes sufficient in value to make them solvent, and the others because of their-----

Comments

No comments

Log in or join to post a public comment.