Oireachtas Joint and Select Committees

Thursday, 2 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Sean BarrettSean Barrett (Independent) | Oireachtas source

Thank you. On your bullet point 25, it says: "...there is no evidence that the Financial Regulator did not have adequate powers to deal with the emerging situation...". We did have evidence, I think it's in Honohan, that it took eight years of correspondence with what he calls Bank A, I think, which was pretty unsatisfactory to read in retrospect.

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