Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

I thank Senator MacSharry. At the beginning of his contribution he mentioned the cost of the banking crisis and the engagement between the Central Bank and the Department of Finance. Given that the cost of the banking crisis ended up affecting the fiscal position of the State and, as we know, the day-to-day lives of Irish citizens, what is Mr. Wright's assessment of the ability of the Department Of Finance to engage with the Central Bank on a financial stability analysis or plan for dealing with a banking crisis prior to the crisis of the bank guarantee in 2008? What conjoined elements existed between the two agencies in preparation for the crisis period and, in particular, before the bank guarantee?