Oireachtas Joint and Select Committees

Thursday, 11 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Michael D'ArcyMichael D'Arcy (Fine Gael) | Oireachtas source

Vol. 2, page 44. Mr. Nyberg was talking about the Central Bank and yourselves - the interaction between you both. The very last line of 4.2.2: ''it was even suggested that detailed enquiries by the [Central Bank] regarding the basis for the [Financial Regulator's] assessment ... could have been regarded as an unacceptable intrusion into the autonomous status of the [Financial Regulator]''. Do you think that that was the clear position of the crossover that should have been there, or not?

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