Oireachtas Joint and Select Committees
Thursday, 18 December 2014
Committee of Inquiry into the Banking Crisis
Context Phase
2:05 am
Michael D'Arcy (Fine Gael) | Oireachtas source
In yesterday's evidence, Mr. Nyberg stated that the Central Bank and Financial Regulator blocked the introduction of a special resolution scheme or legislation in 2007. As the witness knows, it would have been a useful tool available to the Department of Finance in the event of an economic crash. Should the Department of Finance have been stronger in standing up the Central Bank and financial regulator to ensure the legislative tool could have been available?
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