Oireachtas Joint and Select Committees
Thursday, 25 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Eoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source
Yes, very good, Chair. You wrote about in your report, in the Honohan report, and you talked about the high-level priorities and the medium-level priorities, and one of the medium-level priorities that was found out was that in one of the banks they didn't realise that one of their debtor's exposures to another bank was worth more than a billion. They had it at a couple of hundred million but it was more than a billion and that the importance of this didn't seem to be understood by their regulatory system. Can that happen again? Could such a thing happen today?
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