Oireachtas Joint and Select Committees
Wednesday, 21 January 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Professor Philip Lane:
Yes and no. The IFSC is involved with all sorts of sophisticated financial products but that is pretty much quite separate to the regulation of local banks. All the narratives would state that what when on with the local banks was plain vanilla and involved regular property lending. They were not getting into trouble because of-----
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