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

I want to flag this. In 1995, when that bulletin was written, we were mainly talking about high street banks in this country. The topography of the Irish economic landscape changed and we had the major development of the Irish financial centre. As Deputy Doherty alluded to, there was an environment to develop that and everything else. Part of developing that was the creation in the Irish Financial Services Centre of the Clearing House Group. The Department of the Taoiseach was there, the Central Bank was there, the Department of Finance was there and the other sectoral interests were there as well. Can Professor Honohan tell us what was the Central Bank's role in the Clearing House Group? What was the purpose of the Clearing House Group?