Oireachtas Joint and Select Committees
Wednesday, 24 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Sean Barrett (Independent)
Link to this: Individually | In context | Oireachtas source
While you're looking, I mean, they would quite likely come from countries which had a much smaller banking crisis than Ireland, so, I think, listening to them ... could I point out when you compare, in Vol. 3, the summary recommendations on financial stability on page 20 that the OECD recommended ... there were five and only three of them made it through to the final version which is on page 38, the last page of Vol. 3. I also note that paragraph 90 on page 17 was deleted and what it ... it ... it says how to deal with bank failures and how the regulator could have closure authority and you could ensure there wouldn't be a run on the banks and - a deposit interest run - and that the losses should be confined to shareholders. Was that not vital information for us to have as we faced into the banking crisis in 2008?