Oireachtas Joint and Select Committees

Wednesday, 27 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Tony Grimes:

As far as I know, the understanding was that it would reflect, if it were ever used and thought to be necessary, a type of general instruction of concern that the Central Bank might have had about developments in individual banks or in the system as a whole that required the regulator to use its own intervention tools, so I would not have thought that the Central Bank would ever have issued a guidance to the regulator saying "you must, you know, increase some particular ratio by X per cent".