Oireachtas Joint and Select Committees

Thursday, 10 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Ajai Chopra:

But, you know, the point I was trying to make is that there are broader euro area wide credit enhancement schemes that should be considered, where, you know, an institution is ... that has low yield assets such as tracker mortgages on its books, where it can get lower cost funding by "borrowing" the balance sheet of a much stronger eurozone institution to lower its funding costs and these things could make a difference.

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