Oireachtas Joint and Select Committees

Thursday, 28 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Sean BarrettSean Barrett (Independent) | Oireachtas source

Could I refer you to page 67 in the same volume if I may? This was when your office pointed out to Bank of Ireland that they exceeded the 200% limit in real estate, their response was, ''Bank of Ireland remains comfortable with the exposure in this category.'' Is that an acceptable response to a regulator in the public interest? It tells somebody, "You're breaching our practices", and he says, "I'm comfortable."

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