Oireachtas Joint and Select Committees

Wednesday, 29 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

Your institution showed an increased reliance on wholesale funding from 2005 to finance the growth in loan portfolio. Were you aware of these issues? Did you regard it as a fundamental risk and how confident were you in the society's ability to meet its funding strategy in 2008? Were you aware of the fact that the wholesale funding went from effectively nearly over 70% of the ... sorry the deposits went from over 70% of the funding requirements of the banks to, by the time of the guarantee, to 24% of the requirements? Wholesale funding went from up to over 70% of the funding requirements of the banks from being around-----

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