Oireachtas Joint and Select Committees

Wednesday, 13 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Gerry Fitzpatrick:

I think the dialogue ... we didn't have active dialogue. Certainly, I was aware of all the ... sorry, we won't use that word again ... the issues they were raising in relation to our correspondence. But in terms of direct contact, there wasn't a protocol in place that ... for active dialogue. We were looking for that, and that was put in place I think in 2009, because, as I said earlier, we have a duty to report, but we don't have a right to report, and so ... so I think more active dialogue is one of the lessons learned that I ... they instanced earlier, and ... but there has to be two-way dialogue, but I think certainly if you look at what happens now, it was certainly less active or proactive than ... sorry, it wasn't ... it was less proactive then than it is now.

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