Oireachtas Joint and Select Committees

Thursday, 28 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Patrick Neary:

-----in the sense that one can only use, you know, the extent of human endeavour to provide those resources and I think why that clause was put in there was that if there was identified a particular position in the regulator that might fall outside the norms for grading structures and all of that, that gave the chief executive power to recruit a person outside those structures. I think that's why it was put in there.

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