Oireachtas Joint and Select Committees
Wednesday, 6 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Michael McGrath (Cork South Central, Fianna Fail)
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Sure.
As you know Mr. Boucher, we have had sight of Project Atlas, or certain extracts from it at least in BOI, Vol. 2, pages 27-31, and we've gone through the figures recently with Mr. Goggin. Do you believe now, in hindsight, that there was an over-dependence on lending on one particular sector? And an over concentration of risk by the bank in land, property development and construction?