Oireachtas Joint and Select Committees

Thursday, 21 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. John Hurley:

There was only one power that would be used, which is the power we were discussing earlier in relation to financial stability. And the power that was not exercised by the Central Bank because we agreed the framework in the context of the financial stability reports. The other powers ... one relate to monetary policy ... is not a power that would be used for these purposes.

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