Michael D'Arcy (Wexford, Fine Gael) | Oireachtas source

The sector in the Irish financial institutions that did the most damage was that relating to commercial real estate. The latter overheated and that led to the establishment of NAMA to deal with the Irish banks' loan books. Subsequently, there was a substantial commercial real estate sector in the non-Irish domiciled banks. Does Mr. Sugarman have any knowledge of the commercial real estate sector today not, perhaps, being balanced as it should be? I asked the Governor of the Central Bank, Professor Philip Lane, the same question last week.