Oireachtas Joint and Select Committees

Thursday, 11 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Brian Patterson:

The supervision of banks required them to submit returns, and there were a lot of them, and they would have been analysed by the banking supervision unit and from that would have emerged some composite data on bank exposures and things like that. Those exposures would have been known to the economists and the analysts in the Central Bank who were conducting the stress tests and who were in the financial stability unit, doing work on financial stability, so it all emerged from the reports and returns that the banks gave to the banking supervision people and indeed some of the inspections that they were carrying out. But, as I've said-----

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