Oireachtas Joint and Select Committees
Wednesday, 10 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Ms Mary O'Dea:
I think principles-led, or principles-based regulation was clearly inadequate. Certainly from 2009, there was no question of principles-based regulation. We were carrying out much more intrusive regulation, as was, I think, every regulator across Europe and the world changing the way they did things