Oireachtas Joint and Select Committees

Wednesday, 17 December 2014

Committee of Inquiry into the Banking Crisis

Context Phase

3:10 am

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

In his report, Mr. Nyberg mentioned that some of this was obvious, and in-depth analysis would have teased this out further. He mentioned concentration of credit and I will return to my original point. With Anglo Irish Bank, 20 debtors held 50% of the commercial loans, with a value of €21 billion. Is there anything in Mr. Nyberg's extensive experience which suggests any other jurisdiction in the world would have 50% of commercial loans with 20 individuals? This is information that the Financial Regulator had at that point in time.