Patrick Honohan: The new micro-prudential regime for banks Opening statement by Mr Patrick Honohan, Governor of the Central Bank of Ireland, to the Oireachtas (National Parliament) Joint Committee on Finance, Public Expenditure and Reform, Dublin, 28 May 2015. *  *  *  It is just six months since I had the last opportunity to engage with the Committee.
On that occasion, my introductory remarks focused on three main areas, namely (i) the macroprudential measures on which the Bank had just published a consultation paper; (ii) the transfer of ultimate responsibility for the micro-prudential supervision of the main banks to the Single Supervisory Mechanism of the ECB, which had just taken effect; and (iii) the level of mortgage interest rates, which was already attracting increasing attention from the Bank given its consumer protection mission.