Oireachtas Joint and Select Committees

Thursday, 7 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I think, I suppose, Mr. Beggs, staying with you, it would surprise a lot of people to hear that you, as somebody who was very prominent, certainly in the public eye, and the most senior economist within the bank, in the course of 20 years, made two presentations to the board, two to the executive committee and none to the management committee for Republic of Ireland. I think it's important that the inquiry understands your role, all of you, because there certainly would be a perception that the economists would have been looking at the ... you know, the risks that the banks were facing and perhaps giving guidance and advice to the banks on strategy. That's not what I'm getting from listening to you today or listening to your statements.

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