Oireachtas Joint and Select Committees
Thursday, 28 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
This is my final. As you say, the meeting with the prudential director, which I assume may have challenged or may not have challenged some of what was in the report, but this report is based on information at 6 p.m. on 28 September, after the meeting with the prudential director, and still states that the extreme stress case scenario in INBS, and applying that to Nationwide, would deplete the reserves of one bank and bring the other bank close to insolvency and the question I would have is then you made this statement about ... that there was no issue about capital. We were the best capitalised banks in the world; that we could deal-----
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