Oireachtas Joint and Select Committees

Thursday, 11 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Liam O'Reilly:

No, I think there was a determination to have a ... a one track, and it ... and it might have been one of the reasons why we ran into problems with the sectoral limits, where we weakened our regime to a certain extent, I think, because in the case of the financial centre there were a lot of monoline banks where it would have been impossible to set sectoral limits, and as a result of that it became a kind of a policy that we had to have the same system in both places.

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