Oireachtas Joint and Select Committees

Wednesday, 8 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of John Paul PhelanJohn Paul Phelan (Carlow-Kilkenny, Fine Gael) | Oireachtas source

Can I ask you, in relation to the evidence that you've given today and, indeed, the last day that you were here, you stated time and again that you relied on advice from a number of sources, particularly the Central Bank and the regulator. Post-nationalisation, why didn't you ask for resignations, be it from the regulator, from the Central Bank, senior executives within the banks themselves, when the true extent or, at least, a partial picture of the true extent of the losses became known?

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