Oireachtas Joint and Select Committees

Thursday, 11 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

Okay. Can I just go to, Chairman, page 71, Vol.1, FRG? And you were speaking at a ... at a ... you were the guest speaker at a financial Dublin conference ... page 71. I just want to quote you said "Finally, let me assure you [this was in 6 April 2005] ... let me assure you that we, as [a] Regulator, will not introduce or impose unnecessary regulatory burdens that will effect the continued competitiveness of our financial industry and minimise the impact of such burdens coming from Europe." And, I suppose, the question I want to ask: do you still stand over that statement and furthermore-----

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