Oireachtas Joint and Select Committees
Wednesday, 18 February 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Mr. Marco Buti:
We are responsible at the technical level. We respond to the Commission, and to the college of Commissioners; with the new structure of the Commission, we also respond to the Vice Presidents in charge of economic policy co-ordination, Vice President Dombrovskis and Vice President Katainen. We supply the technical analysis and we provide our assessment. The actual recommendations addressed to the Council and to the member states are approved by the college of Commissioners under the proposal of the Commissioner in charge. So there is a distinction here between technical and analytical responsibilities - and this is an equi-mandate responsibility - and the actual economic policy recommendations which pertain to the college of Commissioners and to the Commissioner in charge.
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