Oireachtas Joint and Select Committees

Thursday, 23 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

Deputy Rabbitte, in page 3 of your statement, you conclude that by saying, "In the narrow area of effective scrutiny of the banking sector, if the structures had existed and if the opposition had known the pertinent questions to ask, the government wouldn’t have been able to answer them because the government didn’t know there was a crisis until it was too late." To what extent do you believe ... you might just elaborate on that. And then to what extent do you believe the new structures implemented since 2010 have corrected the deficiencies which existed and what further measures do you believe need to be taken? You might do that in the round, that you're departing an illustrious career as a Member of the Dáil for many years of standing and ministerial and going off to pastures-----

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