Oireachtas Joint and Select Committees
Thursday, 7 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Michael Torpey:
-----the pressures and stresses that were there and within Ulster Bank we had a growth strategy which sought to compete in the marketplace. The assumptions we made, unfortunately, were the wrong assumptions and it ... it is unfortunate and in every respect - and it's something that I very much regret - that we didn't in fact challenge sufficiently on the variety of assumptions that underpinned the expectations of continuing growth in the market.
No comments