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

Yes, I was just in the middle of a question. Thanks, Chair. Just in relation to that process though, because in that five by five exposure test that was done into the big developers, it was found in one of the tests that one of the banks in terms of calculations of an exposure to one individual borrower, was out by a billion. But it also noted that the - and I'm paraphrasing here - that the significance of that wasn't understood by the regulatory system..

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