Oireachtas Joint and Select Committees
Thursday, 15 January 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Professor Patrick Honohan:
The domestic standing group was set up in response to a European Union-wide initiative - back in 2005 or 2006 or some time fairly early before the crisis - so that every country should have co-ordination between its central bank, treasury authority, that is, the Department of Finance and its financial regulator. Sometimes, these are in different entities.