Oireachtas Joint and Select Committees
Wednesday, 29 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Alan Merriman:
The board would have done intense work around the merit of going into the broker market. The broker market typically in a European context is circa 50% of the market, so it's a very important part of the mortgage market, and it was done, again, in the interests of the long-term sustainability of the society. Broker markets bring more risks-----
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