Oireachtas Joint and Select Committees

Thursday, 21 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Sean BarrettSean Barrett (Independent) | Oireachtas source

Because the bank's supervisory department, Professor Honohan found, in 2000 when the Central Bank was doing it, had an approved staff of 38.5 and an actual staff of 32.5 people. And given that the Central Bank had and had subsequently 1,200 staff, the fact that so few were devoted to prudential supervision of banks, was that not a mis-allocation of resources?

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