Oireachtas Joint and Select Committees
Wednesday, 21 January 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Michael D'Arcy (Fine Gael)
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Professor Lane made the point in his initial piece that non-EU areas or non-eurozone jurisdictions also went through a property increase, in effect. I would like to ask about the ability of the Irish banks to raise additional funds. I am not just thinking about bonds. I am thinking specifically about bank properties that were sold to pension funds before being rented back. How would Professor Lane term that practice, which occurred during this era?