Oireachtas Joint and Select Committees
Thursday, 28 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
Can I put to you, Mr. Neary, some of the evidence from Mary Burke yesterday again on this issue? And I'm paraphrasing but she painted a picture of senior executives at the regulator's office meeting bank executives behind the backs of the employees of the regulator who were directly regulating those banks. She painted a picture of meetings on the seventh floor involving very senior people at the regulator with those bank executives which she said was a "cause of tension .. that, at its most benign, indicated a disconnect between banking supervision department and senior regulatory executives and it seemed to sap morale". Did that happen?
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