Oireachtas Joint and Select Committees

Thursday, 14 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Sean BarrettSean Barrett (Independent) | Oireachtas source

Thank you. There's a ... this is from the regulator to the bank: "[Bank of Ireland] is to advise the Financial Regulator as to whether it is satisfied that the concerns expressed at the Group Credit Committee meeting on 30 August 2007 have been addressed." And that communication is dated March 2008, so there appears that something that arose in 2007 had not been satisfactorily replied to, Chairman, by the following March 2008. Again, what ... just to ask our visitors: why does there seem to be such delays in dealing with regulatory issues?

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