Oireachtas Joint and Select Committees
Wednesday, 15 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Pat Farrell:
We had approximately 70 members, and, maybe I should put context on that, because immediately, I'm sure, minds will race to, "Where were the 70 banks?" But, there were 70 banks, of which about 13 or 14 of them were operating in the retail-domestic market, and the rest of them were banks ... sorry, were financial institutions with banking licences, operating, in the main, out of the IFSC. Some of them were located regionally as well, but, in the main, they were located in the International Financial Services Centre.
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