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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