Oireachtas Joint and Select Committees

Wednesday, 8 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Susan O'KeeffeSusan O'Keeffe (Labour) | Oireachtas source

When ... at a meeting on 24 September, I believe ... we're now in September, Mr. Cowen. This was just before you flew to New York, I think, to speak to the United Nations. You refer in your own statement to PwC's "hopelessly optimistic analysis of the loan books and capital positions of the six Irish banks covered by the guarantee". And I'm wondering if you recall whether you expressed concerns about this information, about their reliance on management information. Do you recall if you expressed concerns or did anybody else at that meeting express concern?

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