Oireachtas Joint and Select Committees

Wednesday, 18 February 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Mr. Marco Buti:

No. I do not think there was this type of unwritten rule or implicit preference. As I indicated, throughout the pre-crisis period, and I understand we are focusing here essentially on that period - that is, before 2007 - our focus was essentially on fiscal and macroeconomic policies. I said clearly in my statement that between 2001 and 2007, in the various assessments of Irish documents, we never focused on the banks. In retrospect, I admit this was a failure. It was a problem, clearly.