Oireachtas Joint and Select Committees

Thursday, 15 January 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of Susan O'KeeffeSusan O'Keeffe (Labour) | Oireachtas source

Page 7 of the report states that it would have been known in the Financial Regulator's office that intrusive demands from line staff could be and were set aside after direct representations were made to senior regulators. That is a very serious statement. Were those representations in the form of what we would describe as posh dinners, golf outings and brown envelopes, followed up by the capacity to make a phone call? What does Professor Honohan mean by those representations? It is a very serious statement.

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