Oireachtas Joint and Select Committees

Thursday, 25 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Professor Patrick Honohan:

I would place ... yes, if they get it right. They don't always get it right. If you go back over the history of the IMF reports, some of them in 2002, 2003, were very good on Ireland and some of them are not so good. I actually had the experience, when they came across recently to do a review of our insurance regulation. I met the team and they said "Well Mr. Honohan, we've read your report and you said that it ... the 2006 FSAP review of the Irish financial regulation was not very helpful. We hope to be helpful this time."

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