Oireachtas Joint and Select Committees

Wednesday, 10 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Ms Mary O'Dea:

So that is 2009. Again, it depended on the issue. One of the things at the time that we were very intolerant of was regulatory reporting issues. The information was absolutely crucial to the decisions that we made, so if banks were not reporting information accurately, we took a very serious view of that and immediately moved towards a sanction regime.