Oireachtas Joint and Select Committees
Wednesday, 29 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
Okay. I'd like to just go back to the issue raised by Deputy Doherty, and, especially with you, Mr. Gormley, about the solvency of Anglo because it is an important point, and there was a PwC report, Project Atlas. There was one in September '08, one in November '08, and one in December '08, and then a summary of it was prepared for the regulator and the Department in February '09. It didn't raise any solvency issues; in fact, they concluded that even under the most stressed scenario, in terms of the assumptions, that the minimum capital requirements would be maintained by Anglo-----
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