Oireachtas Joint and Select Committees
Wednesday, 27 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Marc MacSharry (Fianna Fail) | Oireachtas source
Okay, all right, that's fine, well then we can bring that question on to tomorrow then. Can I ask, from 2003 to 2008, when you had obviously a very, very serious increase in commercial lending throughout the country, and you had very regular breaches in what you might describe as prudential regulation, that there was no enforcement actions taken against any institution in that period? Why is that?
I think it's useful just to kind of recall the approach and the strategy that was employed by the Financial Regulator. And I would say, Deputy, and I'm not trying to avoid the question, I wasn't a member of the board here, so some of these issues would have been dealt with within the board. My understanding-----
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