Oireachtas Joint and Select Committees

Thursday, 28 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Did the Financial Regulator ever assess worst-case contingency scenarios of a systemic bank failure? And, given the warning signals from Northern Rock onwards in mid-2007, why did the regulator not undertake such a contingency assessment?

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