Oireachtas Joint and Select Committees

Thursday, 28 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Eoghan MurphyEoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source

Successive reports of the C&AG have urged improvement in the methodology, and that being the system evaluating risk, using such factors as supervisory complexity, corporate governance, business and reputational risk, and so on, based on regular statistical reports provided by credit institutions on their activities and financial conditions. I suppose, Mr. Neary, my point is ... or my question is in relation to the criticisms coming from the C & AG, about the level of inspections and the, the methodology being used in carrying out those inspections to evaluate the risk being taken by the banks and what your response was, as Financial Regulator, to those reports.

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