Oireachtas Joint and Select Committees
Wednesday, 29 April 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. David Duffy:
... in the past which may have satisfied those obligations. If I can put it into context, Deputy, in terms of what we were faced with. In my first month I was sitting with a Troika and sitting with a shareholder and trying to understand the amount of time we had to come up with a solution and what we had as obligations to deliver. To be honest every hour we spent looking backwards trying to understand the problem would be an hour wasted when we had to understand what the best model would be going forward. And that's what we were spending all our time on. So it's not that we were being careless it's just that we were being very considered around the future.
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