Oireachtas Joint and Select Committees

Thursday, 25 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Eoghan MurphyEoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source

Thank you, Chair, and thank you, Governor. Just two brief questions. When the former chairman of the regulator was before us, Mr. Patterson, he talked about in the 1990s, I think 1995, the sectoral risk concentration levels being, what was the word, "relaxed" to attract a large foreign bank into Ireland and then, as a result, in order to apply fair treatment, the standards were relaxed for all the Irish banks. Do you know anything about that?

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