Oireachtas Joint and Select Committees

Thursday, 15 January 2015

Committee of Inquiry into the Banking Crisis

Context Phase

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

The other matter is the area of risk assessment methods. Other members will go into that as we progress with the questions. However, there is the issue of the powers of the Central Bank and the powers of the Governor of the Central Bank at that time. Did the Governor have the power to issue specific directions relating to a wide range of micro-prudential policies, including credit concentration limits, during the time prior to the guarantee?

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