Oireachtas Joint and Select Committees
Tuesday, 26 January 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Banking Sector and Central Bank of Ireland: Discussion
3:20 pm
Professor Philip Lane:
The most important part of our response has been the decision that we must spend resources on a much larger internal audit function. We were among the first central banks in the world to appoint a chief operating officer, which other central banks are now doing. We have built up the idea that we must take seriously that the organisation itself has to be run to the highest standards.
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