Oireachtas Joint and Select Committees

Wednesday, 6 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Richie Boucher:

-----putting infrastructure into sites and that to enhance their value, because we saw a downturn coming, we didn't see the extent of the downturn. As has been demonstrated as we transferred loans to NAMA, the haircuts we had were different, partly because we had less unfinished property.