Oireachtas Joint and Select Committees

Thursday, 16 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Sean BarrettSean Barrett (Independent) | Oireachtas source

We had cases where the regulator drew the attention of certain banks to their sectoral concentrations and the response was, "Yes, we're quite comfortable [that was the word used] with our sectoral concentrations", i.e. all in construction. I mean, what should happen in that case? Should those regulators get in touch with the Taoiseach and say that "We're trying to regulate this sector which is refusing to comply with what we regard as important-----

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