Oireachtas Joint and Select Committees

Thursday, 15 January 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

On any occasion, did the Central Bank raise concerns in that forum on how financial institutions were operating, particularly with regard to concentration limits, or were any concerns brought to the attention of the group by either the bank or its members? Did this issue arise there? Something happened in the Central Bank which meant it stopped examining this. I am trying to figure out what the motivation was for stopping examination of the sectoral concentration limits. Is there a possibility it may have come out of the IFSC or the Clearing House Group in particular?

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