Sunday February 16, 2020

Daly: Irish banks ‘lost sight of responsibility’

The Irish banks lost sight of their responsibility during the boom, and Nama (National Asset Management Agency) is only part of the solution to the current problems in the Irish economy, according to the debt agency’s chairman Frank Daly.

25th June, 2011

The Irish banks lost sight of their responsibility during the boom, and Nama (National Asset Management Agency) is only part of the solution to the current problems in the Irish economy, according to the debt agency’s chairman Frank Daly.

The former Revenue Commissioners chairman and former Anglo Irish Bank director admitted that the pace at which Nama is progressing through developers’ loans - which they have taken over from banks - ‘‘is slower...

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