Oireachtas Joint and Select Committees

Wednesday, 6 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Cormac McCarthy:

Yes, indeed and our parent bank would have met with the regulator when they visited, so for example, the head of regulatory risk or regulatory risk in Royal Bank of Scotland would have met with the regulator. Senior management from Royal Bank of Scotland would have, as a matter of courtesy, if they were visiting Dublin would have met the regulator, say, on an annual basis, so the chief executive of Royal Bank of Scotland Group would have met the Governor of the Central Bank or the chief executive of the regulator on, say, an annual basis when visiting Dublin.