Oireachtas Joint and Select Committees
Wednesday, 6 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Sean Barrett (Independent)
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Page 6 of your presentation ... the one you sent in to us. The Irish Financial Services Regulatory Authority also set a commercial real estate cap at 250% of the capital base. In July 2007 the financial regulator agreed to a cap of 500%. Could you give us the background to ... was that your request ... to raise it to 500%?