Oireachtas Joint and Select Committees
Thursday, 21 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. John Hurley:
I think that is a very, very big issue. I mean, that sort of sectoral controls ... they're still not being applied in the macro prudential systems that we have seen subsequently. The ... what is happening under the Basel rules and under Basel II and III, is there is a focus on concentration but it’s ... you’re looking at this in the context of individual institutions and that's ... Pillar 2, for example.
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