Oireachtas Joint and Select Committees
Wednesday, 1 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Ciarán Lynch (Cork South Central, Labour) | Oireachtas source
Okay, it's about the independence, I just want to stick with the independence of the body. Are you aware that their biggest funders are the four biggest accountancy firms, PwC, KPMG, E and Y, and Deloitte, who last year contributed $2.5 million each. Ireland's Central Bank and Financial Services Authority gave £6,000 sterling. So how independent are they actually, given that the agencies that are carrying out the tasks are funding the structure that does the regulation? So, given your statement that you're saying they are independent, given that funding structure-----
No comments