Oireachtas Joint and Select Committees

Thursday, 11 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Liam O'Reilly:

Yes. Yes, we wrote to the banks. I remember one set of letters which went directly to the chairman of the board of each lending institution warning them about general issues within the industry and, where their high loan-to-value ratios were in place, we warned them, "Is this ...how are you dealing with the risks attached to that in your lending policies?"

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