Oireachtas Joint and Select Committees

Wednesday, 18 February 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Mr. Marco Buti:

No. The way it works is the same now. The Commission issues a recommendation. It is discussed in committees with government officials where there is a discussion on its merit as well as its wording. This leads to the adoption by the Council. There was a discussion by the ECOFIN Council which was attended by all the Ministers, such as Commissioner Solbes at the time as well as the Irish Minister for Finance and eventually the Council adopted the recommendation. There is a mix of formal proceedings, written recommendation and discussion in the appropriate institutional fora.

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