Oireachtas Joint and Select Committees
Wednesday, 6 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Susan O'Keeffe (Labour) | Oireachtas source
I know. Yes. Yes, and you're familiar with it. So then again in 2004 we have, again to Mr. Burgess, in January, so that's seven or eight months or so afterwards, again, difficulties arising with ... with the Ulster Bank. So this is quite a long time ago, 2003-2004, and then, of course, we come up to 19 June 2006 - I think my colleague has mentioned this - and again a whole series of events, so I ... I'm really very puzzled that this would have been going ... I do appreciate these things take a long time, there's lots of paperwork and so on, but it does not appear from the reading of those documents that any substantial progress was made by the bank, the similar problems arising all the time. And people have been very critical in the public domain about the Financial Regulator, in fairness, they have. And here is the Financial Regulator saying to you, "You haven't done this, you haven't done that, and you haven't done the other", but they're saying it over a period of three years.
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