Oireachtas Joint and Select Committees
Thursday, 15 January 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Susan O'Keeffe (Labour)
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Page 7 of the report states that it would have been known in the Financial Regulator's office that intrusive demands from line staff could be and were set aside after direct representations were made to senior regulators. That is a very serious statement. Were those representations in the form of what we would describe as posh dinners, golf outings and brown envelopes, followed up by the capacity to make a phone call? What does Professor Honohan mean by those representations? It is a very serious statement.