Monday January 27, 2020

Banking probe reveals major flaws in system

Several senior bankers had far too much power over their institutions, while Irish banks made a string of fundamental errors in relation to funding and property exposure, the investigation into the banking crisis has found.

29th May, 2010

Several senior bankers had far too much power over their institutions, while Irish banks made a string of fundamental errors in relation to funding and property exposure, the investigation into the banking crisis has found.

The report is expected to point to a series of regulatory and official failures that contributed to the Irish banking collapse, including the proliferation of tax breaks for developers and the state’s failure to impose strict capital requirements on banks....

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