Oireachtas Joint and Select Committees
Thursday, 16 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Sean 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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