Oireachtas Joint and Select Committees

Wednesday, 17 December 2014

Committee of Inquiry into the Banking Crisis

Context Phase

1:10 am

Mr. Peter Nyberg:

An adviser is an adviser and he is responsible for his advice. The decision maker is responsible for the advice he takes and what he does. As far as the Commission could judge, boards decided themselves what they wanted to do. It was not the advisers who decided for them. The boards take advice, discuss it and then make a decision. That decision was to grow.

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