Oireachtas Joint and Select Committees

Thursday, 16 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Eoghan MurphyEoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source

Thank you, Mr. Ahern. I'd like to stay within that area of regulation, if I may. We've heard from Mr. Patterson, who was the chairperson of the Financial Regulator, that in the 1990s, the sectoral concentration limits in the banks were relaxed to attract one large foreign bank into the country and as a result the implication was they were relaxed for all the banks already working here. Do you have any familiarity with that or do you remember that?

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