Oireachtas Joint and Select Committees
Wednesday, 4 March 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Dr. Peter Bacon:
There was certainly a cost. The sooner one tackles the problem and gets it off banks' balance sheets, the better. I mean, what were the banks doing? One had a situation where there was going to be a major interface between the Irish banking system and a new agency, and both sides had to wait until legislation was in place before they could take their tracksuits off.
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