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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