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