Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Thank you very much, Chair. Mr. O'Connell, you're very welcome. Can I start by asking you about the crisis simulation exercise conducted by the Central Bank? You're familiar with that. Feedback from staff involved in the crisis simulation exercise cited suggests, for example, too much information, too many voices. Concerns were expressed by the Department of Finance regarding confusion over the roles of the Central Bank and the regulator and other comments.

Based on these comments, in your opinion can the simulation exercise have been deemed to meet the expectations?