Oireachtas Joint and Select Committees

Thursday, 16 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Eugene McCague:

I think that the ... I can't remember what the sample, if you like, had been and how large a scale it was. I mean, certainly, the view was that they were stressed. That goes without saying, but I thought the general ... my recollection of the general tenor of that meeting, which was similar to the ones beforehand, was still the view that the assets would exceed the liabilities if they had to be called on. I think that would have been the view.