Oireachtas Joint and Select Committees
Wednesday, 24 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Ciarán Lynch (Cork South Central, Labour) | Oireachtas source
I put the question to you again, Mr. Beausang, as I did earlier. You are the assistant secretary with the responsibility for specifically, like, your role was to deal with banking, finance and international division of the Department of Finance. You were also the point man for the Department on the domestic standing group. Like the domestic standing group was not set up as a ... just another committee, this was a committee, as I understand, with a very specific role to kind of act like a crack commando team with any crisis coming down the line. And so ... and a certain authority was given to this group. So, I put the question to you, the action with regard to credit union is very clearly outlined in your witness statement, but I'm trying to gather the congruence with regard to all the positions that you had, all the information that you had, and yet the issues with regard to systemic risk were not actually acted upon by-----
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