Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

Right, Mr. Neary, you were the regulator or what people perceived as the regulator, the CEO ... you were fully aware, you're telling this committee, that half of the Irish loan book of Anglo Irish Bank resided in the hands of 20 of its customers. That 51% ... at the time ... at the time that 51% of the commercial loan book of INBS resided in the hands of 25 individuals.

The question I am asking you is: what do you do in relation to that? And you have pointed out - and I've not made the suggestion that it was against the law - but can I make this point: that the directive that was transposed by the Central Bank allowed ... allowed you to put additional sanctions there or additional requirements, which you did do in terms of directors' loans and in terms of loans to shareholders but you didn't in relation to concentration to borrower. So can you answer the question: was this a concern to you that half of Anglo Irish Bank's loan book was in the hands of 20 individuals and what did you personally do as regulator?