Oireachtas Joint and Select Committees
Wednesday, 27 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Ms Mary Burke:
Looking at the correspondence that you have provided me with, in 2004 the stress test seems to have been run out of banking supervision, because I can see a letter that was issued. As I say I didn't go there until May '06. By then it was a Central Bank responsibility to run the stress tests and my recollection of the presentation of the financial stability committee at the time was, it was described as an innovation in terms of '06, was that the responsibility had moved to the CBFSAI.
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