Oireachtas Joint and Select Committees

Thursday, 23 April 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Donal Forde:

No. The way the system worked was I described the sector that dealt with the relationships in property and construction. Their job was to originate the loan, okay, on terms that were consistent with our guidelines and that would then be brought either to the senior lending executive or to the divisional credit committee for approval. So, you couldn't originate and approve as one individual.

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