Oireachtas Joint and Select Committees
Thursday, 11 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Brian Patterson:
I don't see it like that. I think they were, kind of, separate events. Now, undoubtedly, a principles-based regulatory approach suited the foreign banks coming into the IFSC; I won't deny that. But I don't think that was the genesis of principles-based regulation. It was around for a long time before that.
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