Oireachtas Joint and Select Committees

Wednesday, 2 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Michael Walsh:

Because I think, very clearly, because in the event that the society, or whoever acquired the society, was going to diversify into other areas, they would have to consider the investment. I mean, the purpose of these reports is to say, "Look, this is what an organisation actually looks like.

If you're coming in to buy it, this is what we're representing to you. So, if you're going to come in and buy it, to do what it's doing at the moment, that's one thing; if you're coming in to buy it to do something different, then you're going to have to make changes."

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