Oireachtas Joint and Select Committees
Wednesday, 27 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Ciarán Lynch (Cork South Central, Labour) | Oireachtas source
But in continuous testimony here, and even in your own engagement this afternoon, it wasn't banks investing in start-up companies, it wasn't banks investing in IT, it wasn't banks investing in dotcoms or tulips or anything else like this, it was banks putting shed loads of money into the construction sector in one manifestation or another. So, in your opinion, should clear guidelines have been issued by the Financial Regulator to get this area defined, because it was very much a holistic interpretation? Should clearer definition lines have been there?
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