Oireachtas Joint and Select Committees
Thursday, 12 March 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Dr. Elaine Byrne:
Yes. The 2008 OECD report on public service in Ireland focused a lot on this question and noted the absence in Ireland of a tradition of what would be known as regulatory impact analysis. Some Departments now, particularly the Department of Public Expenditure and Reform, are very much focusing on this but where one looks at what the unintended consequences of this legislation will be, how much will this particular decision cost and how will it impact other legislation, it is not just about introducing something at will, but looking at the potential effect of that legislation down along the line. That is a tradition that, perhaps, we could use more effectively here.