Liam Twomey (Wexford, Fine Gael) | Oireachtas source

On Senator Barrett’s comment, did the CCAB-I ever do a review of its role in the banking crash? There were comments on the big four which audited and signed off on the accounts of the banks? Everybody is blamed. The previous Government has paid its price. There has been reputational damage to the regulator and the Central Bank. Has the CCAB-I ever done any internal report on what its role was during the banking crisis and how it came about? I have seen old annual statements of banks in which the last comment is that their accounts have been audited and they have been found to be present and correct. Within 12 months that bank was no longer in existence as we knew it.