Oireachtas Joint and Select Committees
Thursday, 5 February 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Mr. Mario Nava:
The ECB is the supervisor for the 120 big banks so the ECB definitely does all the micro supervision for all the largest banks. With regard to the macro aspect, national macro-prudential authorities have been set up in the past two to three years. The ECB and the national macro-prudential authorities work together to determine the macro-prudential tools - the macro-prudential values.
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