Sean Barrett (Independent) | Oireachtas source

On page 3 of his presentation, Mr. Buti said that many states were exclusively concerned with micro-prudential supervision and insufficient attention was paid to macro-prudential supervision. When every single bank goes broke the micro was not well carried out. On the macro side, did the Commission know that rules such as loan-to-value and loan-to-income disappeared during the period coming up to the crash?