Oireachtas Joint and Select Committees

Wednesday, 13 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

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

Okay. As you know, Mr. Fitzpatrick, Ulster Bank Ireland ultimately required a bailout of over £14 billion from RBS, so when you look back now at the period for which you were the auditor in charge of the audit for Deloitte, is there anything further that you could have done to ring any alarm bells, signpost any risks to a greater extent, made the readers of the financial statements more aware of what may happen in the future? Could you have done anything more?

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