Oireachtas Joint and Select Committees
Wednesday, 10 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Cyril Roux:
Well, thank you for mentioning them. We supervise 10,000 financial service providers, 10,000, and out of which we have 200 banks. So there's not only the, you know, the four banks that we talk about all the time but we have a number of wholesale banks, and branches and subsidiaries of wholesale banks. As you know, we supervise the credit institution ... the credit union sector. We have a number of ... hundreds of insurance companies and re-insurance companies. We have thousands of retail intermediaries and ... all told, so that's 10,000 people ... 10,000, sorry, 10,000 firms that we supervise. So that's why, although we are very concerned about the four main banks or the banking ... there's four ... the four retail banks, I have 15 divisions doing financial regulation, not three.