Oireachtas Joint and Select Committees

Thursday, 28 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Patrick Neary:

We ... you see, this was the problem with CFDs, and there was no data being collected on CFDs. The CFDs, I think, were included in MiFID directive, which was being, I think, implemented around that time, and they were included in that but they hadn't been set up. And there was no way of establishing it.

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