Oireachtas Joint and Select Committees

Thursday, 28 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

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

So my question to you, Mr. Neary, is ... like ... so we ... we paid ... you paid ... or, the State paid millions of euro to these outside agencies and gave them a number of days or a number of weeks, but it's a number of days between the middle of September to the end of September, to carry out a review in relation to the loan book and to capital adequacy for information that you, as Financial Regulator, had at your fingertips and was being reported to you on ... on some ... in some instances, on a daily basis, and in other instances, a weekly and quarterly basis. Why were you bypassed in relation to that?

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