Oireachtas Joint and Select Committees

Thursday, 23 April 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Donal Forde:

My understanding is that they were guidelines. I understood them as guidelines from the regulator. But, sorry, I think it's ... strong guidelines from the regulator, but my understanding, and I would have had no direct engagement with them, but my understanding was that the regulator themselves, by reason of the manner in which portfolio analysis and measurement was developing under Basel II, had questions about that limit also.

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