Oireachtas Joint and Select Committees
Wednesday, 25 February 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Joe Higgins (Dublin West, Socialist Party)
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Given the extent of the rules and given the huge financialisation of the world financial markets over the last 20 years, by common consent, should these rules not have been advanced considerably to avoid the type of situation that developed, whereby apparently, if I have interpreted what Professor Walsh has said correctly, there was no real reporting of the huge risks that were included in the banking, the speculation and the loans that were going on at the time?