Oireachtas Joint and Select Committees
Wednesday, 22 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. David Begg:
Yes, it came out of the blue. It hadn't been discussed within the councils of the Central Bank. I should explain that it is correct that there were good many meetings in advance of that decision but, in the run-in to that period, the crisis was really handled by the ... sort of, Governor from the Central Bank point of view, the director of the regulatory authority, the people in the Department of Finance and the Minister. Like, the boards were not really involved in the run-up to that fateful decision being made.
No comments