Oireachtas Joint and Select Committees

Wednesday, 10 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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So, in the Irish case, are you saying that it wouldn't be fair to blame the system of principles-based regulation, was it more the application of that regulation, the way in which it was executed? Is that what you're saying? You can put it in your own words, but-----