Oireachtas Joint and Select Committees
Wednesday, 17 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Sean Barrett (Independent) | Oireachtas source
But you didn't do it on that occasion when you were meeting the new Minister. Could I bring you to page 119 of the same document, the briefing of the Minister in the same year, which says that, "[T]he Bank expresses concern about the high rate of credit growth [...] which has been increasing by around 25 per cent." And the advice to the Minister is to say that the Central Bank and the Financial Regulator, on the next page, should "remain vigilant". Was 25% growth of credit per annum not a matter of some concern in the Department?
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