Oireachtas Joint and Select Committees
Thursday, 5 February 2015
Committee of Inquiry into the Banking Crisis
Context Phase
John Paul Phelan (Carlow-Kilkenny, Fine Gael) | Oireachtas source
It is a matter for the ECB for the largest 120 banks.
Earlier this morning Professor Black outlined that the United States had introduced a cap on the annual growth of bank balance sheets - I think he mentioned 25%. Is there any proposal at a European level to look at the level of growth in bank balance sheets annually and have a similar cap at a European level? In Ireland one of the banks in particular was growing at a much faster rate than 25%.
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