Oireachtas Joint and Select Committees

Wednesday, 22 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. John Dunne:

Well, the feeling was one of concern, and the discussions inevitably went around dealing with, you know, the questions which were arising - Is this going to get out of control? What ... where is it going to end? But in every case, the professional advice from the staff was to the effect that these were concerns, no question about it, but that the buffers present in the Irish banking system were adequate to deal with any of the issues that were arising. And, as David Begg has said earlier on, that view was supported by all the international expertise.

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