Oireachtas Joint and Select Committees

Wednesday, 6 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Cormac McCarthy:

In most cases, we had reasonable insight into ... particularly with our larger connections ... into what they were doing elsewhere, they gave us that evidence, so, yes, we had good insight. We didn't have validated detail in some cases, we made some mistakes in terms of checking that but, by and large, we had good insight into the cross-connections of our larger customers, yes.

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