Oireachtas Joint and Select Committees
Wednesday, 3 July 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Review of ECOFIN Matters under Irish EU Presidency: Discussion
4:05 pm
Michael McGrath (Cork South Central, Fianna Fail)
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What are the consequences of this for our Central Bank? Clearly, it will still have a role in regard to non-category 1 regulated entities. What are the implications in terms of the resources that will be needed? Staff currently involved in regulating the pillar banks will no longer be doing that for the Central Bank. Is there a strategy involved?