Oireachtas Joint and Select Committees

Thursday, 30 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Mike Aynsley:

Could one bank bring down a country? I think, as I said, I think it is a ... I think it is a headline and I think it's debatable. I think one bank in a country like this - it is a small country relatively speaking. It is a small financial sector and if you embed cultural behaviours you can generate contagion that can have a negative impact so ... not out of the question but I think it is drawing a long bow.

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