Oireachtas Joint and Select Committees
Thursday, 9 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
John Paul Phelan (Carlow-Kilkenny, Fine Gael) | Oireachtas source
Okay. Can I change now to ask you, did the ECB ever express to you or to the NTMA or officials of the NTMA, or other officials to your knowledge, the need to transfer risk in order to reduce the ECB liquidity funding risk to financial institutions with deteriorating asset values, property asset values? Was that concern ever expressed from a European level or would there have been any channel for that?
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