Oireachtas Joint and Select Committees

Wednesday, 10 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Ms Mary O'Dea:

You see, I think the sequence of that would've been ... after the loans were moved off the books and we were at a stage where we could anticipate what would be left behind, I think, that's precisely what we would be looking at in that stage. So once we knew what the level of the loan losses were going to be, those type of decisions would then be much easier, of course.