Oireachtas Joint and Select Committees
Wednesday, 10 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Tom O'Connell:
Yes. Well actually the ... you've the Governor, you've the director general - who is effectively the CEO - and below that you have the deputy director general. Now, the deputy director general was really focused on markets, you know, providing liquidity to the banks, the payment system. His reasonability was the markets, liquidity provision, and the target payment system. So he ... while he would get sight of the economics article and so on, but he wouldn't really ... well he wasn't an economist, but he wouldn't really have had that much input into the economic side of it. So the Governor and director general were the key people as far as we were concerned, you know.
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