Oireachtas Joint and Select Committees

Wednesday, 2 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Marc MacSharryMarc MacSharry (Fianna Fail) | Oireachtas source

No, we spoke about the letter that had come from the regulator, and Mr. Fingleton earlier on had, kind of, taken issues with the contents of that letter, and you had said, for example, that you were convinced, in your opening statement, that the regulatory leadership that was required was to ensure a broader action across all financial institutions. You said that that leadership never came so, you know, what sort of leadership were you expecting from them? What sort of intervention were you expecting from them? And did you feel that there was a kind of an over-focus on you, for want of a better expression, you being the institution as opposed to you, Michael Walsh, as being: keep an eye on those fellows and everyone else can do what they like?

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