Oireachtas Joint and Select Committees
Thursday, 9 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
Okay, so six and a half months, and that's for the entire ... so the Financial Regulator had the power to go in and look under the bonnet, to do on-site inspections and do loan-by-loan analysis, send in a team as such.
In your view, if there was, given your experience from NAMA and bearing in the mind that the Central Bank wouldn't have to wait for European approval and all that, how long would it have taken to do an estimate, you know, a tranche of loans within a bank that would give us a good estimate of the type of the loan-loss that, in your view, in your words, wasn't available on the night or even weeks afterwards?
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