Oireachtas Joint and Select Committees

Thursday, 30 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Eoghan MurphyEoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source

And staying with you, Mr. Dukes, but looking at the statement from Mr. Aynsley, if I may, we've had the Wright report into the Department of Finance in 2010 which came through with a series of recommendations. They were all reviewed for the public accounts committee and gone through with the Secretary General at the time and we've had the other various reports talking about failings in the Department of Finance and the move now to rectify them post-crisis.

But if we look at Mr. Aynsley's statement ... on page 2, he talks about a skills gap in the Department of Finance; on page 3, "ongoing lack of banking knowledge and experience in the Department of Finance"; on page 4, "It appeared increasingly to be driven by political considerations"; and then, on page 7, we have a resignation letter from the CFO, "The authorities are stuck in their old ways. They do not recognise nor understand conflicts of interest." So, in terms of the Department of Finance, as you understand it, and as you have dealt with it until very recently, have you seen any significant change over the Department of Finance that was there prior to the crisis, which was criticised so heavily in things like the Wright report and the Nyberg report?

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