Oireachtas Joint and Select Committees

Wednesday, 27 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Tony Grimes:

As I understand it, the Central Bank had information on the sectoral analysis of lending but it was on the basis of the returns that were made by the banks operating within the State, not on a consolidated basis. Only the regulator collected consolidated information from the banks, i.e., the headquarters of the banks here plus their foreign subsidiaries.