Joe Higgins (Dublin West, Socialist Party) | Oireachtas source

The highlighting is actually making more difficult. I'll just go to point 3 there, Mr. Begg:

... responsibilities therefore involve:

iii) overview of the domestic financial system as a whole. The Governor and-or Board will advise all relevant parties on the implications for financial stability of developments in domestic and international markets and payment systems. and assess the impact on monetary conditions of events;

And the next paragraph:

iv) analysis of the micro-prudential - where appropriate - as well as macro-prudential health of the financial sector. In this context, the Governor and/or Board's objective is to identify developments which could endanger the stability of the system as a whole, and will advise accordingly;

Isn't it very clear that the board of the Central Bank had a responsibility in relation to issues such as developed in the exponential lending and the property concentration in the bubble?