Oireachtas Joint and Select Committees

Thursday, 11 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Can you comment, Mr. O'Reilly, on the rapidly expanding balance sheets of the banks and was there a requirement, as a result of much more intrusive supervision, than what they actually experienced from the regulator for the period '03 to '06? Why did you not embark on more stringent intervention in light of this?

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