Oireachtas Joint and Select Committees

Wednesday, 18 February 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Dr. Donal Donovan:

That is true. It is interesting. Canada has been quite justifiably proud of the fact that among all the major countries, its banks seem to have withstood the shocks. It has a somewhat different banking system, although I will not spend time on that. It is true that the Canadian executive director would have come to Ireland, by the way; although it was the Irish consultation, one would normally find that the head of the constituency would be part of the process in Dublin. Whether the Canadian executive director might have raised questions about the state of the Irish banks based on his own knowledge of the Canadian system is a fascinating question. I do not know.