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 Noonan (Limerick City, Fine Gael) | Oireachtas source
The authorities in Frankfurt can supervise through the local central banks, but the authorities will have the legal mandate and will direct how it should be done. They have the freedom to use local personnel when doing local regulatory work. However, the local personnel will not be the regulator.
No comments