Oireachtas Joint and Select Committees

Wednesday, 15 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

Okay. Thank you very much, Deputy. I'm going to just deal with a couple of questions myself, Mr. Farrell, and then I'll invite both Deputy Doherty and Deputy Phelan to wrap up. Mr. Farrell, you represented both banks operating domestically and international banks, and those operating in the Irish financial services centre. In your opinion, was Irish financial regulation policy geared towards the development of the Irish financial services centre? And I'd like, maybe, how you would comment on how this impacted on the level of intrusiveness of regulation which might be targeted upon domestic banks as a result of a growing financial centre on the quays.

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