Oireachtas Joint and Select Committees

Thursday, 23 April 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

A general question before I invite the next questioner, Mr. Gleeson, is that the bank has governance standards, these are outlined every year in the annual report but there are a series of ... these are not small events ... they're quite significant events, the exchange rates and all the rest. At any stage was there, this is the question, that we really need to review our governance standards and by means of a process then developing, if the governance standards, were they of a particular nature that matters then relating to the guarantee were inevitably going to happen, in terms of credit concentration levels and all of the rest of it?

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