Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

I want to touch on a few areas. Mr. Nyberg made just two references to the little-known domestic standing group, DSG, in his report. Those references are on pages 74 and 75. Mr. Nyberg admits throughout his report that there was a lack of co-operation between the Central Bank and the Financial Regulator. Page 74 of the report refers to the establishment of this group:

Important initiatives taken during this period included the establishment, in line with EU guidance, of the Domestic Standing Group (DSG), which involved, for the first time, a specific structure for ongoing cooperation between the DoF, the CB and the FR. The National Treasury Management Agency (NTMA) also attended several DSG meetings.

Page 75 of the report states that in June 2008, this group considered "the possibility of introducing a special resolution regime for banks". I will put the question I really want to ask. This group is little known. It is a high command. I suppose I am a little surprised that Mr. Nyberg did not give more time to it in the report. I suppose I would like to know who was actually on the group, who chaired the group, to whom did the group report-----