Oireachtas Joint and Select Committees

Thursday, 11 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Sean BarrettSean Barrett (Independent) | Oireachtas source

The second-last sentence, it says, "Two of what the [Financial Regulator] regarded as key elements of the governance architecture of principles-based regulation - Directors' Compliance Statements and the Corporate Governance Code were not ... in place." That's from Honohan. Was that because of the pressures we mentioned earlier from the Department of Finance?

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