Oireachtas Joint and Select Committees

Wednesday, 22 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Fergus Murphy:

Yes. Deputy, I think the answer to all of those is yes. I mean, there were very deep relationships between the regulator and all the financial institutions, including EBS, and by the nature of a letter like this and the earlier letter that I was discussing with Senator Barrett, one can, I think, readily see that there is a strong depth of understanding and a strong depth of investigation in relation to each institution, given the nature of the letters coming through in terms of detailed challenge, and again, appropriately put, in relation to policies, procedures and how the institution can improve itself.

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