Oireachtas Joint and Select Committees
Wednesday, 21 January 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Mr. Klaus Regling:
No, I think the reference one finds in the report with those words refers to the regulators, supervisors and the Central Bank. It is related to what I discussed earlier already, that there was this light-touch approach to supervision, not very intrusive, not very assertive and therefore also imposing penalties just did not happen. The rules which existed were applied very loosely.
No comments