Oireachtas Joint and Select Committees
Thursday, 14 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Susan O'Keeffe (Labour) | Oireachtas source
Okay. On page ... 11, I beg your pardon, of Mr. Boucher's testimony here to this ... he was asked if "there was an appropriate level of reporting to the board on the concentration risk being faced by Bank of Ireland?" And Mr. Boucher said, "No, there was not." And he reiterated that. And then he went on to say:
If I look now at the level of reporting, understanding that the board has, of credit risk development, concentration risks, a wide range of risks ... if I compare our ICAAP document of 2013 ... to what was provided in the past in the board, the board didn't seek, and the board was not provided with, a sufficient level of information to make informed decisions on the risks that were being taken.
What would you say about that observation that Mr. Boucher made?
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