Oireachtas Joint and Select Committees
Thursday, 28 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Marc MacSharry (Fianna Fail) | Oireachtas source
And earlier you were saying to, I think my colleague Deputy McGrath, that in the context of enforcement, that you monitored breaches, and if I'm quoting you correctly, of the codified arrangements on sectoral breaches but due to work pressures and other priorities such as Basel II, sanctions on prudential matters were less pressing. And that this style of regulation is what the authority adopted; so, you were saying that because of resources, that this limited the potential, perhaps, to enforce these matters. Who decided that, I mean, was there a proposal at the authority that, "Look, we're going to prioritise" or?
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