Oireachtas Joint and Select Committees

Tuesday, 20 December 2016

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Banking Sector in Ireland: Central Bank of Ireland

11:00 am

Professor Philip Lane:

That figure should not have been disclosed. That was an error on our part. The balance of that does not relate to cases where there was a financial loss but refers to cases where there was an intervention beforehand to prevent inappropriate contracts being issued, if one likes. The 2,100 figure refers to the number of cases where a loss had occurred and restoration occurred.

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