Oireachtas Joint and Select Committees

Wednesday, 29 April 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Eugene Sheehy:

Well, you are picking two different points in time now. The '06 reference was ... okay, we were up against and going over, and the way these things were being measured was going to be changed under Basel II.

The '08 data point is at the end of a period where the market has stopped functioning correctly, so you weren't getting-----