Oireachtas Joint and Select Committees
Wednesday, 9 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Alan Gray:
I felt ... certainly in early October, I felt that there was a likelihood of the need for additional capital in the banks and in terms of my views on that ... it was based on emerging research that was coming from the PwC and other analysis that I knew that that might be a possibility. It was also a feature of probably every banking crisis that banks subsequently needed some additional capitalisation.
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