Oireachtas Joint and Select Committees

Tuesday, 10 March 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

Before we take a short recess, I want to round off one area which was touched on in a number of questions, namely, the competition that was taking place between the different lenders and the loans going to developers. Mr. Carswell gave an image of particular tracts of land where competition was taking place. During that process, was a marked weakening of the security being sought by Anglo Irish Bank and other banks as competition heated up a topic among the building developer community? Were they discussing it themselves?

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