Oireachtas Joint and Select Committees

Wednesday, 27 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Tony Grimes:

I think that we took extremely seriously what we were looking at from the liquidity side. It clearly reflected there were tensions out there. The tensions were not unique to Ireland, but indicated, I think you're right in saying, more widely a perception that there was a serious issue with regard to commercial property in particular. I think you can have that in tension, okay, without it leading to the conclusion of insolvency.