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

Thank you very much Deputy McGrath and I'll be inviting you back in later again this session. There's just a couple of matters I want to deal with before we take a break for coffee, Mr. Neary. And I'm just going to bring a document up on the screen there. It's from the evidence book, Vol. 1 pages 43 to 50. Basically, it's the memorandum of understanding that establishes the kind of ground rules between yourself and the Governor. So the memorandum of understanding between the Central Bank and the Financial Regulator dealt with the responsibilities of both the Central Bank and Financial Services Authority of Ireland and the Irish Financial Services Regulatory Authority. Could I maybe ask you, and it's particularly on item three there, where there is very specific sort of rules of engagement. Was there clarity on what should be dealt with by the regulator-----