Oireachtas Joint and Select Committees
Thursday, 21 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Michael D'Arcy (Fine Gael) | Oireachtas source
Mr. Hurley, I have read the financial stability reports and I will come back to them in a moment. One of the criticisms was that the banks were unaware that certain people who they had lent money to also had a cross-collateralisation, a cross-securitisation of loans with another bank and each bank was unaware that that other ... that same individual was indebted to another institution. On how many occasions did the Central Bank request the top ten exposures from the primary financial institutions within the commercial real estate sector?
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