Oireachtas Joint and Select Committees

Wednesday, 25 February 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of Joe HigginsJoe Higgins (Dublin West, Socialist Party) | Oireachtas source

Given the extent of the rules and given the huge financialisation of the world financial markets over the last 20 years, by common consent, should these rules not have been advanced considerably to avoid the type of situation that developed, whereby apparently, if I have interpreted what Professor Walsh has said correctly, there was no real reporting of the huge risks that were included in the banking, the speculation and the loans that were going on at the time?

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