Oireachtas Joint and Select Committees

Wednesday, 27 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

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

And it just brings me to a final question now before I move onto the other questioners. At the very end of that paragraph, this is the response that you give to your request:

To me, at its most benign, this indicated a disconnect between the [banking supervisory ... supervision division ... or department] and senior IFSRA executives which, in practice, banks used to their advantage. I believe that [this is signalled or this] ... also signalled a manifest lack of support for staff, undermining them in their dealings with bank ...".

Could you talk to us some more about how maybe this gave the banks ... banks an advantage and also how you see that this may have been undermining them in their dealing with the banks?

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