Oireachtas Joint and Select Committees

Wednesday, 11 February 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Professor John FitzGerald:

AIB wanted me to do specific macroeconomic scenarios for it, which it would then apply. I said I could do it, and AIB could pay the ESRI, but referred the bank's representatives to a CD that anybody could buy for €250 and which contained the scenarios it wanted. It bought the CD, and what use it made of it the inquiry can ask AIB.