Oireachtas Joint and Select Committees

Wednesday, 27 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Tony Grimes:

But I mean, I can answer in general terms. It is clear I think that what was set out, what the risks were, were understated to some extent. There were issues on the methodologies employed and I think even though the people at the time felt they were in line with, you know, international standards, there were clearly some issues that arose in terms of the lack of second-round effects and so on.