Oireachtas Joint and Select Committees

Thursday, 7 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

I'm sorry. What we're looking for here is that there is the regulator's behaviour with regard to what he or she considered to be problems with regard to an operation inside in Ulster Bank and there is a series of them. You'd have seen the witness books and rather than pulling them up and all the rest yesterday afternoon, but I think what the point the Senator wants to get to, we'll deal with the regulator in further engagements in this inquiry. What we would like to know is why was the regulator finding all these difficulties. We'll ... there's the content matter and there's the process which the content is actually dealt with. That's content ... there was content here, quite significant content. Deputy Higgins referred to nixers this morning and other matters. What is your ... forget about ... we'll deal with the regulator in time, Mr. Torpey, but what is Ulster Bank's assessment that these things would have come on to the regulator's radar?

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