Oireachtas Joint and Select Committees

Wednesday, 27 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Tony Grimes:

As I said earlier, Deputy, the level of haircut was not specific to the institution. It was specific to the mix of assets they offered. So if some other institution had offered the same mix of assets in line with the existing ECB policy they would have been subject to the haircut, the same haircut.