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-----
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