Oireachtas Joint and Select Committees

Thursday, 18 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

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

Okay. Mr. Moran, in page 5 of your opening statement, you state that in general terms, the biggest deficiency of advice prior to the crisis was not linking macro-fiscal and financial stability risks. "The Department shares that deficiency," you said. Can you advise the committee more recently what changes have you introduced to address that issue, and how, can you give us an assurance that that has now changed?

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