Oireachtas Joint and Select Committees

Wednesday, 17 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Tom Considine:

No. For, I think that the whole business about sectoral limits is a very complex issue. First of all they were only guidelines from the regulator, that's the first thing. The second thing was the introduction of Basel II effectively took a different approach to this by requiring capital as a solution to these sort of things but, you know, the Department was well at arm's length away from, you know, individual-----