Banking Inquiry week 18: Former financial regulator’s sorry performance

Neary’s profuse apologies don’t quite hack it when you supervised a banking system that had to be bailed out to the tune of €64 billion – and still there are no answers

31st May, 2015
Banking Inquiry week 18: Former financial regulator’s sorry performance
Patrick Neary: had little to divulge over nine hours at the banking inquiry last week. Picture: Photocall

Patrick Neary’s marathon nine-hour appearance at the banking inquiry last week will live long in the memory. Seventy-four mentions of “recall” or “recollection” – largely in the context of “I don’t recall” or “that’s not my recollection”. Fifty-four mentions of the “principles-led” regulatory system which relied on the word of banks as a cornerstone of the state’s financial architecture....

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Proposal for expert panel to review capital projects over €100m

State body to reissue €28m office supplies contract

Sinn Féin open to coalition deal, but on condition of border poll

Fine Gael ‘will go to war’ if Bailey runs as independent