Oireachtas Joint and Select Committees

Thursday, 15 January 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

It was followed by the Bank of Ireland and the Anglo Irish Bank. That move allowed for cheap credit to enter the market and allowed triple-A banking in banks that were not triple-A rated. My question is on that nexus. I refer to the relationship where somebody is a director of a bank but was one of the most senior people in the Department of Finance, was the Governor of the Central Bank, was an ECB board member and was a director of the European Investment Bank. When such a situation arises do people challenge it? Do they self-censor themselves because of the positions that were formerly held by individuals like the one I mentioned?

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