Oireachtas Joint and Select Committees

Wednesday, 27 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Ms Mary Burke:

It ... we could identify issues and, certainly, I think we could identify, and we did identify, serious issues. I mean, the reports ... the one that was quoted to me earlier on Mr. Nyberg, that was quoted by Deputy Doherty, notes that we did identify issues. I think we did identify issues and they did identify issues. They didn't necessarily see the consequences because, as I said earlier, people did not see the seizure of the ... the markets. But our ability to follow through, our ability to challenge, our ability to then enforce ... and there's not much point in threat making ... making a threat of following through if you know you can't ultimately do that. That was not there.

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