Oireachtas Joint and Select Committees

Thursday, 28 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Patrick Neary:

No, because the sector limit ... the ... we spoke about it there a few minutes ago. I mean, there's two, there's two elements in the sector limits. There's first of all the large exposures directive, which we dealt with, the 25% and the 800%; I don't believe that any bank ever breached those, so the situation didn't arise.