Oireachtas Joint and Select Committees
Tuesday, 27 March 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Overview of Operations: Strategic Banking Corporation of Ireland
2:00 pm
Mr. Nick Ashmore:
In the case of the banks, they are either publicly listed institutions or public issues of debt. Their business plans and public information is a matter of public record. We relied on the fact that they were rated in that context, in terms of assessing the credit rating, but they have to supply us with a plan on how they will deploy the funding.