Oireachtas Joint and Select Committees
Thursday, 5 December 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Central Bank: Discussion
Ms Sharon Donnery:
We are not aware of that at the moment. The issue is more there is a risk for that to happen, and so it is to understand what could trigger those things to happen. If there was a situation like that, for example, if there was some sort of form of global instability or global concern that led investors to leave Ireland or to leave commercial real estate more broadly, not just in Ireland but globally, how would that feed through. For the funds that we have, for example - hypothetically now because this is what we are going to look at - would the level of leverage amplify that or are there things that need to be done to make sure that amplification would not happen. That is exactly what we are looking at. On the 35%, we published that number yesterday, so I am sure when Deputy Doherty has time, he can have a look at the report that we published yesterday.
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