Oireachtas Joint and Select Committees
Wednesday, 6 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Richie Boucher:
There was also a different thing in the mark-to-market as well, which is the discount factor. So the discount rate was a big issue. The bank took a ... the bank's shareholders had to take a decision as to whether or not to participate in NAMA. I don't think we would have had a real choice and we recommended to the shareholders they didn't have a real choice.