Oireachtas Joint and Select Committees
Thursday, 11 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Liam O'Reilly:
At last, I can agree with you, Deputy. And, I would say that the Basel accord was a characterisation of that where you had the banks coming in and saying: "We have big technology systems, we can mind ourselves. If we mind ourselves more, maybe you will charge us less capital". That was wrong.
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