Oireachtas Joint and Select Committees
Thursday, 18 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Michael 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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