Oireachtas Joint and Select Committees

Wednesday, 28 January 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Professor Edward Kane:

I think they should report more frequently. It would help us to figure out the value of taxpayers' positions if we were getting weekly or monthly reports so the Deputy's suggestion is moving in the wrong direction. How frequently businesses report allows certain things to happen in between. We have inspections for cars for safety or emissions and if we were to go from annual inspections to biannual inspections, we would have a lot more unsafe and smoking cars on the road.

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