PaddyJoe
27-05-2010, 11:59 PM
We should find out next week when the preliminary banking reports are handed over to Brian Lenihan. One report is from Patrick Honohan on the performance of the Central Bank and the Regulator's Office and the other is by Klaus Regling and Max Watson into the causes of the banking crisis.
According to Thursday's IT:
The roles of former Central Bank governor John Hurley and Financial Regulator chief executive Pat Neary, and the relationship between their organisations in the run-up to the September 2008 financial meltdown, should feature in Honohan’s report.
Neary has remained a silent figure since his departure in January 2009 over the regulator’s handling of Seán FitzPatrick’s hidden loans at Anglo Irish Bank.
Neary may have some fascinating points to make about pressure that was brought on him by a senior establishment figure when the regulator belatedly tried to rein in the banks on speculative lending to developers and 100 per cent mortgages in 2006. If and when he sings – potentially to a commission of inquiry – Neary’s song may strike discordant notes for some listeners in officialdom.
http://www.irishtimes.com/newspaper/finance/2010/0527/1224271226362.html
According to Thursday's IT:
The roles of former Central Bank governor John Hurley and Financial Regulator chief executive Pat Neary, and the relationship between their organisations in the run-up to the September 2008 financial meltdown, should feature in Honohan’s report.
Neary has remained a silent figure since his departure in January 2009 over the regulator’s handling of Seán FitzPatrick’s hidden loans at Anglo Irish Bank.
Neary may have some fascinating points to make about pressure that was brought on him by a senior establishment figure when the regulator belatedly tried to rein in the banks on speculative lending to developers and 100 per cent mortgages in 2006. If and when he sings – potentially to a commission of inquiry – Neary’s song may strike discordant notes for some listeners in officialdom.
http://www.irishtimes.com/newspaper/finance/2010/0527/1224271226362.html