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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