Oireachtas Joint and Select Committees
Thursday, 15 January 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Ciarán Lynch (Cork South Central, Labour)
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We had a banking model in this country, going back for decades if not a hundred years, that did not face the crisis that we faced in the 2000s.
Certain rules applied and sectoral concentration limits were very much a part of that - in the same way a pension fund would operate, you do not invest all your money in one horse.