Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

I was mystified at the time by the approach of the public interest directors. Mr. Boucher was deputy CEO of the bank and responsible for introducing 100% mortgages. Mr. Considine mentioned arrears, which are at nearly double the rate they were in 2005-06. How do the public interest directors stand over that appointment? They spoke about a cultural change in the bank, but the manner in which Bank of Ireland has dealt with the committee demonstrates that no change in culture has taken place. The witnesses were appointed as public interest directors to ensure a cultural change. How did they then contribute to a unanimous decision by the board to appoint Mr. Boucher?