Oireachtas Joint and Select Committees
Wednesday, 29 April 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
Okay, in the revised 2002 EU restructuring plan and it's on AIB B1, Vol. 2, pages 39-40, I won't read the whole paragraph but, it says: "AIB acknowledges that its decision to expand into property was misguided and that's its risk management and internal government systems were not as effective as they should have been in controlling that risk." Do you believe, Mr. Duffy, that is a fair assessment of AIB's position leading up to the crisis?
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