Gerry Horkan (Fianna Fail) | Oireachtas source

On will happen in the long term and the short term, it is fair to say that in the past a lot of performance bonuses, incentives and rewards were based on the amounts of money lent, rather than on the amounts the banks got back. Banks lent money all over the place to enable people to buy fields in counties Wicklow, Meath and Kildare in the hope they would be rezoned and that all kinds of thing would happen. I know of anecdotal stories where people were given €35 million or €40 million who did not even have to give any security on the loan. It was a question of if the bank did not know what security was needed by the borrower, neither did the borrower. That was happening. People were being rewarded for lending money recklessly. Is that still possible? Could it still happen or is it now the case that the reward is based on the long-term performance of a loan as it is repaid?