Oireachtas Joint and Select Committees

Wednesday, 24 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

Okay. So in that regard, if I can maybe move on to the next question. In section 5.9 of your statement you state that your area of the Department of Finance had no role or mandate in assessing the efficiency of financial supervision on overseeing systemic risk. So who then was responsible for overseeing this important area?

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