Oireachtas Joint and Select Committees

Tuesday, 10 March 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of Sean BarrettSean Barrett (Independent) | Oireachtas source

I thank Mr. Carswell. Hypothetically, if we improve regulation, do we run the risk that one of our American experts presented to us of an AIG, a body that is not regulated but has so many connections with the bodies that one is trying to regulate and save that AIG must be included as well? Arising from that, is it possible to have a utility bank that would just look after people's savings and make the rest a casino, or are they inextricably linked, when we try to design a regulatory system for this sector in the future to make sure that none of this happens again?

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