Oireachtas Joint and Select Committees

Thursday, 14 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

Okay. Go raibh maith agat, a Chathaoirligh, agus fáilte roimh an bheirt agaibh chuig an coiste.

Just ... you've mentioned to the Chairperson that you were satisfied with all of the relevant information that you were getting from ... in relation to risks and exposures. So that being the case, how would you explain the issues highlighted in the report ... in the Boston Consulting Group report and it's available in BOI 102-106 and its on ... there's an exhibit on page 10 ... Exhibit 8 on page 10, which gives a summation of the concerns that were raised in relation to some of the risks that the bank were taking. It's BOI - B1, page 10. Page 9 also ... if you're waiting it to come up ... also talks about ... "There were four areas where there were gaps between BOI credit risk capabilities and peer [practice review]" and they identified risk appetite framework, court risk committee, risk function organisation structure and credit MI.

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