Brian Patterson, former chairman of the Financial Regulator: said they did not see the enormity of the risks being taken by the banks. Photograph: Mac Innes Photography

Another day, another seven hours of detailed testimony at the Oireachtas banking inquiry. Liam O’Reilly, a former chief executive of the Financial Reg(...)

Former chairman of the Irish Financial Services Regulator Authority Brian Patterson said the authority could have done more and “done it sooner”. Photograph: Getty Images

The financial regulator at the time of the banking crisis was engaged in “principles-based regulation with not a lot of intrusion”, former chairman of(...)

Former chairman of the Financial Regulator Brian Patterson giving evidence at the banking inquiry on June 11th, 2015.

Former chairman of the Irish Financial Services Regulatory Authority Brian Patterson has told the banking inquiry he will “forever regret” the Financi(...)

Liam O’Reilly, former CEO, Irish Financial Services Regulatory Authority

The International Monetary Fund (IMF) provided “false comfort” by issuing positive reports about the Irish economy, the banking inquiry heard on Thurs(...)