Banking Inquiry: had Hurley more to say?

John Hurley is a man of two halves. Thursday’s morning session at the banking inquiry focused on his nine years as governor of the Central Bank. The words “don’t recall” and “don’t know” featured strongly. The inquiry asked his successor to spell out the powers that the governor actually has.

Hurley described Patrick Honohan’s summarisation as a “theoretical use of the powers.” As he reminded the Committee, on several occasions, it was the ...