Oireachtas Joint and Select Committees

Thursday, 28 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

But the ... correct me if I'm wrong now, but the understanding of the domestic standing ... or the understanding of theraison d'être of the domestic standing group was to be the sort of No. 1 line of defence against an economic meltdown or crisis in this country, and you're saying this morning that neither the Financial Regulator's office, or the board, or the Governor of the Central Bank was actually a member of it. Would you see that as a deficiency in the structure?

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