Oireachtas Joint and Select Committees

Wednesday, 1 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Donal McNally:

Well, yes, but across the ... the Civil Service as well. I mean, a lot of work was being done on evaluation, and the ... more could have been done on the use of economists in that respect, and that's what's being done now in the Government Economic and Evaluation Service. The idea ... there was a feeling that at interviews what people were looking for was people with broader experience having worked in different areas and not being ... I mean, it's wrong to say technical, because being an ... and having studied economics, it is broader than simply crunching numbers. But there were ... there was a view that people were hampered in some way by being too closely defined with a special area. I mean, I did experience it myself in interviewing people who were excellent on the budgetary numbers and on all the number crunching but when asked a question outside their area, showed great difficulty. So there was something in what was being said, but we needed to have economists; we needed people to work in the area, and, you know, getting somebody from the Central Bank was a help, but it was only a ... it was a stop-gap in some ways.

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