Oireachtas Joint and Select Committees
Thursday, 10 May 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Sector: Quarterly Engagement with the Central Bank of Ireland
9:30 am
Professor Philip Lane:
Yes. A year ago in our tracker update of spring 2017 we included a section explaining the narrative of the steps we took, including direct preventive measures. Measures were being proposed by particular banks which we stopped. Some of this was caught at that point but clearly a lot was not caught and that is why we have such a big issue now.
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