Oireachtas Joint and Select Committees
Wednesday, 22 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. John Dunne:
Remember, we weren't doing - and, of course, it's proved subsequently to be a major fault line - we weren't doing intensive-type regulation. We were doing the type of regulation appropriate to a prudential-based system where the onus was on the boards. So what we're talking about is appropriate numbers in the context of a particular regulatory system.
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