Oireachtas Joint and Select Committees

Thursday, 19 October 2017

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

Engagement with the Central Bank of Ireland

9:30 am

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I accept this is projection and forecasting, looking at different scenarios, which is exactly what the Central Bank should be doing and I welcome that. However, the Central Bank has the data based on the models it has used under the three different scenarios of WTO, Norway, Sweden and so on. Are the witnesses telling the finance committee that there is nothing to worry about in respect of the most adverse scenario in Britain in terms of the exposure of Irish banks, that they can comfortably withstand the most adverse scenario that is painted out in the Central Bank's assessment?

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