Oireachtas Joint and Select Committees

Wednesday, 17 December 2014

Committee of Inquiry into the Banking Crisis

Context Phase

2:45 am

Photo of Sean BarrettSean Barrett (Independent) | Oireachtas source

Mr. Nyberg says on page 97 that he found the Department of Finance to be "seriously underweight in professional financial expertise and engagement". That is the view I would attach to its criticisms of Professor Morgan. Mr. Nyberg also refers in the report to the Department's lack of documentation. It seems the one thing the officials decided to write was a critique of Professor Kelly.
On page 92, Mr. Nyberg states:

The Commission is aware of but disagrees with the view that the [Central Bank] would not have been entitled to intervene to address stability issues concerning individual banks.
Will Mr. Nyberg say who held that view?

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