Oireachtas Joint and Select Committees
Thursday, 11 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Brian Patterson:
You asked me what, what powers we actually had. Moral suasion was one of them, but I honestly don't think that was working; the banks weren't listening. We could have attached conditions to licences; we could have done more in requiring capital requirements; we could have done more and done it sooner. What else could we have done? I suppose in extremis, we could have gone and asked for emergency legislation.
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