Oireachtas Joint and Select Committees

Wednesday, 29 April 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Eugene Sheehy:

I believe we were facing a manageable liquidity problem. We had, you have to think of the way our funding was made up, I mean we ... half of our resources were in retail deposits. We were very stable there. And we also had a huge amount of assets that we could turn into self-funding assets. So we would have had to change things to be better equipped, but we could have done it.