Oireachtas Joint and Select Committees

Wednesday, 8 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Brian Cowen:

Well, in relation to the wholesale borrowings of ... what you're talking about there is ... I mean, September, if you like, was a trigger. You were, sort of, managing the situation up to then. September was a trigger and when we started bringing in outside experts, like PwC, they have started to talk about concentration then as being another feature of this model.