Peter Mathews (Dublin South, Fine Gael) | Oireachtas source

It is very light provisioning. Certus has written off €22 billion for Lloyds Banking Group, which is more than 50% in this context. We know that the Central Bank and the Regulator made two attempts at a prudential capital assessment review, PCAR, in 2010 and 2011, both of which were wrong by 100%. The Deutsche Bank cannot even get things right. Two weeks ago there was talk that it had a €12 billion accounting fraud at the height of the crisis.

Are banks and financial institutions playing loose with all the family savings around the world? They are the fundamental questions. They are the questions that it would take character for public interest directors to raise at board meetings. I would love to have heard responses to such questions. The public interest directors should not have been afraid to ask questions of the former chairperson who remained in situfor a year and a half after they were appointed. It was crazy stuff. One should think about it. The person who had crashed the bus was still in charge and the witnesses were on the board then.