Oireachtas Joint and Select Committees

Wednesday, 22 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Marc MacSharryMarc MacSharry (Fianna Fail) | Oireachtas source

I suppose ... it's not in any way to question your own good business model, it's rather to get a perspective because we've had other evidence that would suggest that, on occasion, financial institutions did not seek valuations. So, could I ask you, without being specific to any cases, are you aware of any loan for a development purpose that was extended, to you or anybody, without a valuation being insisted upon by the financial institution?

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