Oireachtas Joint and Select Committees

Wednesday, 22 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. John Dunne:

My only recollection of it was that at a particular period in time ... I'm trying to think, it must have been around about 2005-2006, there was a joint ... well, there was a mission of the IDA in the United States aimed at promotion in the financial services sector and the issue of regulation was on the agenda and the way in which that was put to the investors was that this was a fast, efficient, effective type of regulation and so on, which would be appropriate to the innovative type of industries which the IDA wanted to get down into the IFSC but-----

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