Oireachtas Joint and Select Committees
Thursday, 11 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Liam O'Reilly:
No, because the style of principles-based regulation that operated not alone in Ireland, but in Europe, was that it did put too much dependence on boards and did put too much dependence on the internal control systems.
And that's the difference today. Now, people go in and they ask more questions.
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