Oireachtas Joint and Select Committees
Thursday, 16 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Bertie Ahern:
Well, he'd been working on that, previously. I don't see anything wrong with that. I know there's been an issue made about this, was that in some way tied his hands. I don't really see that. We're a country that hasn't got huge resources in the administrative system for having separate agencies and separate organisations, and if people can double up in their promotion, of it, the Central Bank, working together. In the early years, all the people that were in the Clearing House Group, the Central Bank was there, the regulator was there, Revenue were there, Government Departments were there, I don't really think that that created any weaknesses in the system. I know there's been some changes now, and from what I can hear, the changes don't add up to a lot in so far as the system works very much the same. They have two different groups, one group meets now and then another group meets separately, it, the changes aren't substantive.
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