Oireachtas Joint and Select Committees

Wednesday, 27 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Tony Grimes:

Did the same degree of haircut? At time ... at that time, because of the institution concerned, it would not have had the same ... the same range of other assets as other banks. And, of course, the haircut was dependent. In other words, if a bank has a large share of retail mortgages, the haircut on retail mortgages was significantly less than it would be on commercial sort of loans-----