Saturday 26 May 2018

Banking Inquiry needs to know where the buck stops

Former Cenral Bank Govenor John Hurley
Former Cenral Bank Govenor John Hurley
Letters to the Editor

Letters to the Editor

John Hurley, former Governor of the Central Bank (2002-2009) told the Banking Inquiry on May 21 that the Government decision to split regulatory roles between the Central Bank and the Financial Regulator helped lead to the banking collapse and that "the two institutions generally didn't interfere with each other's responsibilities".

He stated that he was not in favour of, nor did he support, the splitting of these roles.

If he felt that strongly, when, and to whom, did he make this view known in the course of his seven-year tenure as Central Bank Governor?

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