Oireachtas Joint and Select Committees
Wednesday, 13 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Gerry Fitzpatrick:
The board members who raised questions approved the accounts. So, therefore, if their concerns are unsatisfied, they obviously need to ... they would ... I would be ... that would have come up at the approval of the accounts. So, yes, it's right to have concerns in relation to exception limits. It's right to highlight them. It's right to have processes that address, kind of, the approval of those. But ... but I don't believe, and maybe I'm wrong in terms of the documents, that that concern was sustained through that period in terms of 2004 because otherwise it would have appeared in the board minutes on an continuing basis. I don't believe Professor Brennan or others continued to raise that issue.
No comments