Oireachtas Joint and Select Committees

Wednesday, 27 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Ms Mary Burke:

Well, as I say, by the time I came to banking supervision, they were exceeded in a number of cases. It wasn't peculiar, to be clear, to property-related lending in the domestic institutions. If you were a bank in the IFSC, you would have ... and many of them would have had issues with the financial intermediation sector and it was known that if certain banks, even when you authorised them, they were inevitably going to hit an issue with these sectoral limits. So, you know, they were ... there were issues with them, Deputy, and that's as much as I can say.

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