Oireachtas Joint and Select Committees
Thursday, 21 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Michael D'Arcy (Fine Gael) | Oireachtas source
No, I'm not ... I'm sorry, I'm not talking about the compiling of a financial stability report. What I'm asking about, the powers that were available to you and I quote document Vol. 1 ... Vol. 1. of the core documents, page 3, from the letter from the current Governor of the Central Bank, Professor Honohan, that there were powers available and tools available to the Central Bank Governor, if they chose to use them. Quantitative controls, qualitative controls, call for deposits and other powers that would have restricted the quantum of funds that would have been available to the financial institutions to lend.
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