Oireachtas Joint and Select Committees

Wednesday, 10 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Cyril Roux:

Well, it's very simple. Up to 4 November 2014, you know, the ECB and us were working on the comprehensive assessment but decisions were made by ... by me, you know, in a sense. So, for instance, when Bank of Ireland issued equity at the end of 2013, you know, they wanted to make a number of ... of operations on the capital structure and that needed a supervisory approval. So, you know, I decided, you know, what I would agree on and what I would not agree on with the bank. And now that would go through the governing council of the ECB.

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