Oireachtas Joint and Select Committees

Wednesday, 13 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Patrick Davitt:

Obviously, from my point of view, I will discuss this with you, but like from my point of view, I am obviously the CEO of an institute and I would not be aware of what's behind this and what material they're talking about. But like the material you are talking about, if you are going to do a valuation for anybody, you are going to depend a certain amount on the material that you are given and that you can use. In this particular case, because they were getting information, I presume from the bank, they had to make sure that, is the information they are getting, is it valid, is it enough, is it not enough. So in some cases it may not have been enough, but they're saying that we are working on doing this valuation on the basis of the information we're getting, and like, it would be standard yes.