Oireachtas Joint and Select Committees

Wednesday, 8 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Brian Cowen:

Yes, as I was saying earlier, that, you know, when you go in and do an exercise such as this in the timeframe you're talking about, you are dependent on management information as well as everything else. But we had also sent in, as you will recall, valuers ... independent valuers as well ... subsequently, as well, so to try and get as much information as we could that wouldn't be just reliant on management information but also valuers like Jones LaSalle ... Lang LaSalle going in to work with PwC. So we ... that was our, if you like, our extra effort to objectivise the thing as best we could.