Oireachtas Joint and Select Committees

Thursday, 23 April 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Donal Forde:

No. The only thing that immediately comes to mind is their focus on property and construction. My memory of that is an April 2007 review and I recall at the time that the regulator asked that the board "confirm its comfort" with the bank's position in property and construction. That just struck me at the time as a slightly odd phraseology for a regulator, by contrast with the terminology which would frequently be used in matters of consumer regulation.

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