Oireachtas Joint and Select Committees

Wednesday, 6 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Cormac McCarthy:

Well it was ... it was definitely too long, Deputy, so I accept that. The principal reason for the delay would have been, as I explained earlier, the nature of the engagement, which would have been to come into the institution, to do the work and then leave and then send us the letter and thus, there would have been a significant amount of work to be done to get all the papers back together again, to look at them, to make sure that all the answers were ready. So that would have taken an amount of time. As to whether the length of time here was appropriate or not, on the face of it it seems to be lengthy, but I can understand the amount of time it takes to do these things properly, because we took our responsibility seriously in this regard.

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