Oireachtas Joint and Select Committees

Thursday, 14 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Michael D'ArcyMichael D'Arcy (Fine Gael) | Oireachtas source

And in terms of the '01 to '05 period ... and the reason I'm questioning you in relation to this period is because Mr. Buckley, CEO of AIB, when he gave evidence, also was satisfied ... and I'm going read the quotation to you, Mr. Burrows, that ... I questioned Mr. Sheehy and I said to him, "Mr. Sheehy, you made the point that the bank took too much risk [in that '01 to '05 period.]" And Mr. Sheehy said, "I did yes." I put the same question to Mr. Buckley: "Did the bank take too much risk in your time [the '01 to '05 period]?" And Mr. Buckley's answer was, "No. In my view." Can I ask you, Mr. Burrows, did the bank take too much risk in the '01 to '05 period?

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