Oireachtas Joint and Select Committees

Wednesday, 25 February 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of Eoghan MurphyEoghan Murphy (Dublin South East, Fine Gael)
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In terms of breaches in prudential sector lending-limit guidelines, four of the covered banks breached those limits for property and construction lending between 2002 and 2008 but in a majority of cases the auditors did not report these excesses to the Financial Regulator. Is that unusual?