Oireachtas Joint and Select Committees

Wednesday, 27 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Tony Grimes:

Well, it's hard to say that ... that it was, you know, entirely separate, in that ... as I say, both the chair and the CEO sat on the board of the Central Bank to ensure some form of co-ordination between the two sides of the organisation, but in terms of formal reporting lines and ... and the authority they had to implement our mandate, which was, you know, effectively, the supervision and the regulation of individual financial institutions.