Oireachtas Joint and Select Committees

Wednesday, 10 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Ms Mary O'Dea:

Well, I think the property losses were a huge part of the aggregate losses, so ... and there was, again, a sequence. So in terms of trying to cleanse the balance sheets of the banks so that they would be able to engage in lending and try and get the real economy working again, I think the focus had to be on the larger ones first.