Oireachtas Joint and Select Committees

Wednesday, 1 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Donal McNally:

Yes, well I ... you know, I think the Wright report was a fair review of the Department, and we initiated it ourselves to see what lessons could be learned from it. I was surprised at the level of economists they mentioned in the finance in Canada. I mean, we're a smaller country with smaller resources, and, as I said, even though there might have been limited numbers on the economic side, the quality, as far as I could see, was good, and they had available the economic ... economists in the other institutions that were being dealt with. So, I was a bit surprised to find that we were so underweight, and, you know, we had tried to improve that. And I think the initiative of the Government in the Government Economic and Evaluation Service is a worthwhile initiative in trying to recruit people to that particular job, and then giving them the opportunity for career development.

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