Oireachtas Joint and Select Committees

Thursday, 11 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Susan O'KeeffeSusan O'Keeffe (Labour) | Oireachtas source

On page 7 of your own statement, you refer to the regulator paying close attention to the Central Bank's stress tests, which were largely carried out in the banks themselves under supervision of the Central Bank.

Does that mean that the banks themselves were very much involved in the stress testing, and was the supervision on a permanent, you know, were they there all the time, or was it that they'd drop in and out and have a look, how did that ... do you know how that actually worked?

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