Oireachtas Joint and Select Committees

Thursday, 11 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Eoghan MurphyEoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source

Okay. And then just moving on then, further on that page, relates to the prudential pack and it's already been addressed, but that first paragraph under 2.5, you said: "The Executive assured the Authority that all these loans had strong asset backing." But was anyone checking? In the Financial Regulator's office, was anyone actually checking the quality of these assets?

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