Oireachtas Joint and Select Committees

Thursday, 7 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Joe HigginsJoe Higgins (Dublin West, Socialist Party) | Oireachtas source

We've had substantial evidence here in relation to that, Mr. McLaughlin, which bears out what you're saying. All the evidence that was given is the commercial lending and so on was huge. Just a last question to you three gentlemen. You covered property and construction in a number of your reviews. Was the level of risk concentration apparent to you at the time, as it occurred, or did you recommend any action or have any discussion internally in relation to the concentration of risk?

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