Oireachtas Joint and Select Committees

Wednesday, 6 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Okay. Can I take you to the group risk policy committee meeting of 17 April 2008? So it's at BOI - B2, Vol. 1, page 99.

So, at this meeting, Mr. Boucher, there was a proposal made that the limit would be increased by €100 million in respect of lending to the landbank book within business banking, ROI, and that was opposed by the head of group credit at the time, who declined to support the proposal, but it was voted through by majority decision at that meeting, and you were to be given the power of overseeing the distribution of that €100 million. Can you recall that meeting?

Comments

No comments

Log in or join to post a public comment.