Oireachtas Joint and Select Committees

Tuesday, 10 March 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Mr. Simon Carswell:

I just want to clarify about the Asset Covered Securities (Amendment) Act. It is not in itself a nefarious action, but it was an example of lobbying by the financial industry of Government and the Government agreeing to do it. It also brought the banks onto the playing field with the other banks internationally that could raise it. Also, I am not sure of the amount raised under the Asset Covered Securities (Amendment) Act. I am sorry, but what was the question?

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