Oireachtas Joint and Select Committees

Thursday, 28 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

Okay. Was it also a matter of going into each and every individual bank and, in this case, one specific bank that had massive loan concentrations and saying ''We need an action to ensure that this is pulled back and that it doesn't develop in other financial institutions as well''? Because we saw in other reports and evidence presented in this inquiry that while the concentration levels may or may not have been on the same par as Anglo, they looked like they were travelling in that direction eventually.

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