Oireachtas Joint and Select Committees
Wednesday, 24 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Marc MacSharry (Fianna Fail) | Oireachtas source
Okay. Can I ask, in your opening statement you mentioned Basel II framework was expected to foster stability in the EU, financial system by strengthening incentives for banks to conduct sound risk modelling and managing and by involving supervisors more directly in the review of banks' risk profiling, the risk management practice and risk bearing capacity. With the benefit of hindsight and everything that has happened, how did Basel II incentivise conduct in risk management practices?
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