Oireachtas Joint and Select Committees
Wednesday, 21 January 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Mr. Klaus Regling:
In Spain, for instance, supervisors early on introduced counter-cyclical capital buffers, which is now something quite common. It is widely accepted that this is necessary. Obviously, Spain got into problems. There was also a property bubble, but the supervisors there acted earlier with instruments that were not applied in Ireland.