Oireachtas Joint and Select Committees

Thursday, 25 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

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

Okay. In relation to the stress tests that were carried out by BlackRock, have you done an analysis on the accuracy of those stress tests given that the injection of capital that went into the banks were based on a three-year scenario and the three years is up? I want to particularly pay attention to the residential mortgage losses that were expected to incur over the three-year period, which was €9.5 billion. Did the four institutions, which obviously excludes Anglo and Nationwide, did they incur a €9.5 billion of losses in residential mortgages?

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