Oireachtas Joint and Select Committees

Thursday, 21 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. John Hurley:

The relationship, I believe, was a very, very constructive relationship. My successor would have been on the Central Bank board. There ... There was very, very frequent contact with the Department. I would have been very much in contact with the Secretary General during that time, and would ... would, either before or after my meetings with the Minister, have contact with the Secretary General. It was very constructive and those contacts would have also taken place at different levels. But, of course, the key ingredient in that dialogue in later years was the domestic standing group, which, of course, encompassed both the Department, the regulator, and the Central Bank, and that initially would have met at levels one or two below my level. But, of course, as the crisis developed, the domestic standing group became the principals.

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