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.