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

Can Governor Honohan acknowledge in his response that there was a change in the regulatory practice in the ten years prior to the guarantee and that we moved from one type of regulation to what is principles-based regulation? I think Deputy Phelan is in that space. However, Governor Honohan is answering the question, but he is not acknowledging that we moved from one regulatory framework to another type of regulatory framework.

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