Oireachtas Joint and Select Committees
Thursday, 21 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. John Hurley:
The overall responsibility ... overall financial stability was a responsibility of the Central Bank and it was a responsibility of me. We produced the financial stability reports and made the assessments but within that there are different functions. Financial regulation is operated and was carved out separately but the overall financial stability of the system and the overall reports of the Central Bank set out our assessment in relation to financial stability and we carry responsibility for those.
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