Oireachtas Joint and Select Committees
Wednesday, 10 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Cyril Roux:
Well there is one team and it is called the JST, the joint supervisory team. The joint supervisory team is made of people in Frankfurt and people here for banks which are smaller than or which are, you know, not the very biggest bank in Europe. There is one person in Frankfurt for our banks, for each of our banks, so that person is called a JST co-ordinator and it is that person who decides with, you know, working through their hierarchy what to do. But they are working daily. They are exchanging throughout the day, every day of the year on these banks.
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