Oireachtas Joint and Select Committees
Tuesday, 10 March 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Mr. Simon Carswell:
I would regard the relationship between the regulatory authorities, including the Central Bank, as not assertive, not intrusive enough, too passive and too deferential. Bankers could argue their way out of issues and regulators would sit back or turn a blind eye. It was a very passive relationship between all those parties those you mention.