Oireachtas Joint and Select Committees

Wednesday, 27 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Con Horan:

Well, I think there was a concern about the property market, you know, in that some of these ... and this was the argument that was being put to me, that some of these arguments ... this type of intervention could attract negative international interest in Ireland and, you know, we had to be very careful with that, and there were ... there are issues for the competitiveness of the Irish banking system as well. So, you know, they were reflected then, I think, in those minutes.

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