Oireachtas Joint and Select Committees

Wednesday, 10 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Ms Mary O'Dea:

Yes, absolutely it was. As I said to you, I think the organisation itself was in crisis. There was certainly a feeling of blame and there was definitely a feeling within the regulator that the Central Bank should have seen the broader systemic issue, and I'm sure a feeling within the Central Bank that the regulator should have seen the more micro-prudential-type issues. So yes, there was that feeling.