Oireachtas Joint and Select Committees

Wednesday, 10 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

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

Thank you very much Chair. Mr. Roux, I would like to ask, you mentioned that the decision to take actions against large Irish banks rests with the ECB. Can I ask who recommends that action? Is it the supervisory teams of the Central Bank of Ireland or the supervisory teams from the ECB?

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