Detail the core features of the Honohan report’s argument that the origins of the Irish financial crisis can be found in the failure of the office(r) of financial regulation
Honohan report’s argument: origins of the Irish financial crisis
Detail the core features of the Honohan report’s argument that the origins of the Irish financial crisis can be found in the failure of the office(r) of financial regulation and, by extension, the Central Bank, to scrutinise sufficiently the banks. Would you agree? If not, why not?
As we have a quorum, the Joint Committee of Inquiry into the Banking Crisis is now in public session. Today’s agenda is item No.1. A discussion with Professor Patrick Honohan on the report for the Minister for Finance by the Governor of the Central Bank entitled The Irish Banking Crisis, Regulatory and Financial Stability Policy 2003 – 2008. I welcome everyone to the third public hearing of this committee and, in particular. I welcome the Governor of the Central Bank, Professor Patrick Honohan.
The tenth Governor of the Central Bank of Ireland, Professor Patrick Honohan, was appointed on 26 September 2009. Before his appointment as Governor, he was professor of international financial economics and development at Trinity College, Dublin, from 2007. He spent almost a decade at the World Bank where he was senior adviser on financial sector policy. He was previously a research professor with the Economic and Social Research Institute, ESRI, economic adviser to the former Taoiseach. The late Dr. Garret FitzGerald, and spent several years as an economist at the Central Bank of Ireland and at the International Monetary Fund, IMF. A graduate of University College Dublin. UCD, he received his PhD in economics from the London School of Economics in 1978. He has taught economics at the London School of Economics, the University of California, San Diego, the Australian National University, UCD and also Trinity College, Dublin. In recent years his research has mainly focused on monetary and financial sector policy.
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