Oireachtas Joint and Select Committees
Wednesday, 24 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. William Beausang:
That's the distinction that I talked about earlier, Chairman, about the role of the Department in planning for the resolution with possible Government intervention to systemic crises and the role of the Central Bank in being responsible for the maintenance of financial stability. So it's that distinction between the role of Central Bank and its macro-prudential responsibilities and tools and the role of the Department in ... where situations developed to a point that Government intervention is necessary and being ready to advise Government on what steps might be appropriate.
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