Oireachtas Joint and Select Committees
Wednesday, 18 February 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Sean Barrett (Independent)
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On page 8 of his presentation, Mr. Buti said the sudden drop in residential house prices undermined the viability of most Irish banks and exposed a striking lack of supervisory and regulatory rigour. That writing was on the wall long before that and it did not take the decline in house prices to know that what was going on was not sustainable.