Oireachtas Joint and Select Committees
Wednesday, 6 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Eoghan Murphy (Dublin South East, Fine Gael)
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If you could just help me then with ... on page 24, in the letter from the regulator, the first bullet says:
Following a request by the inspection team to meet with the relationship managers at [the bank, at Ulster Bank] our inspection team was advised by senior management that this may not be appropriate. In this regard, I would be obliged if you advise all staff of their obligations under Section 17 A 3 (e) of the Central Bank Act, 1971 as amended".
Can you explain that bullet to me?