Oireachtas Joint and Select Committees

Thursday, 21 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. John Hurley:

Well, as you look around, the governing council table you'll see that quite a number ... or maybe at a certain stage, a majority of people would have come though the same path ... would have had the same experience ... and would have been a ... come from ministries of finance. You're given a different role and the role then gives you an independent role - to give advice and to ... to ... to carry out that advice. And that's done in the form of the publications that were issued and the press conferences I held. I think, Deputy, if you look at the press coverage over the years, you will find that I was praised for being at loggerheads with the Government on occasion because I had to stand up and say things that weren't appreciated. And that's in the press coverage. So, the reality is you have to take an independent line and you have to do and say things that are the responsibility of a Central Bank. But the ... the career path in the governing council ... of the majority of the people at the particular moment in time would have been very like my own.

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