Oireachtas Joint and Select Committees

Thursday, 25 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Professor Patrick Honohan:

No, no I don't think so. No I don't think so and it's a kind of ... the situation we're in at present, in the ... with the Irish banks, it just doesn't arise. They aren't making those big loans but with the systems that we have in place and the expectation of a drilling-down and analytical work, looking to see where the profit's coming from, what's the business model, who are they lending to, what are the magnitudes involved, what are the biggest ... and all of that information is being assembled, so that lack of information couldn't arise.

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