Oireachtas Joint and Select Committees
Thursday, 15 January 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
Having said all of that, should we have been more prepared? There were clear warning signs in 2007 and in March 2008 of problems in the international banking system. Should we have been more prepared in terms of having resolution legislation prepared and ready to go in the event of something like what happened in September 2008 transpiring?
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