Oireachtas Joint and Select Committees

Wednesday, 8 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Sean BarrettSean Barrett (Independent)
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Thank you, Chairman, and welcome back, Mr. Cowen. On page 1 of your witness statement you state that the focus of the work of the domestic standing group became concentrated on Irish Nationwide Building Society as a result of negative news reporting that emanated from Reuters. In your opinion, does that reflect a worrying failing of the regulatory regime, relying on reports from an external news agency, rather than information supplied by the Financial Regulator?