Oireachtas Joint and Select Committees
Wednesday, 13 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Gerry Fitzpatrick:
I certainly was aware because I would've review ... I would've reviewed the board minutes. What I was ... what I ... when someone raises ... and you would expect this at a board meeting for people to have questions and raise questions in relation to what was happening. The process I would be seeing is ... well ... whether that concern was sustained. And I don't believe that that action was ... there was a ... that having addressed the matter that there was an open item ... I thought that the item was taken seriously and the action was taken. So if a board member had a concern that sustained, then I would be certainly questioning that ... at the time of the approval of the accounts, whether they thought that their accounts were, therefore, materially misstated. And I don't believe that .. that ... that concern or that question sustained because I think the ... the issue was addressed as far as I was aware ... because the regulator-----
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