Oireachtas Joint and Select Committees
Wednesday, 29 April 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Michael D'Arcy (Fine Gael) | Oireachtas source
''Since 2011, the approach to risk management within the organisation has fundamentally changed''. That's a quotation from your opening statement. Credit assessment now focuses mainly on cash flows as a primary source of repayment with collateral considered as the secondary source. Could you explain why in your opinion this had not been the case before 2011?
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