Oireachtas Joint and Select Committees
Wednesday, 6 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Michael D'Arcy (Fine Gael) | Oireachtas source
Can I just bring to your attention just a follow on, document UBI, Vol. 2. And it's a report form the Financial Regulator June '06 and attached to the report is page, go to page 13. And the letter that's attached to this shows ... the letter is page 3 but there is an appendix attached on page 13. And I think it's out of 61 files inspected 46 had some form of an exception deficiency and under files descriptions, no valuation, no evidence of cost of renovation being financed, no evidence of remaining terms of leasehold, no evidence of cost of reconstruction work being financed, no evidence of site ownership for a new build. I mean these are ... I'm not allowed make a judgment Chairman ...
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