Oireachtas Joint and Select Committees
Wednesday, 27 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Tony Grimes:
No. I would not have thought so. Okay, he regulate ... or ... he reported directly to the authority of the regulator and via that to the Minister, I think. Now, there was this overarching role of the CBFSAI, which was a very unusual construct, but it meant that the chair and the CEO of the regulator ... yes, they also sat on the board of the bank, but there was no reporting structure as such, okay, between the regulator's office and the Governor.