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

Thank you, Chair, and I'd like to welcome Mr. Crowley and Mr. Burrows. Good afternoon. Can I ask the secretariat to open up BOI - Vol. 1, B4, page 21. What I'm referring to there, Mr. Burrows, is extracts from a number of meetings to do with the group risk policy committee, essentially dealing with a review of credit quality, and serious issues were raised regarding ... the level of unsatisfactory business manager and senior business manager reviews, doubled, for example, in the year to the end of March 2006. The examples were cited about the management of excesses, drawdown of facilities, reporting of accounts to the business, banking credit etc. Issues are raised about the legal services unit, coding with the bookkeeping system etc. Were these issues brought to the attention of the board over, over the course of those years from 2002 to 2008, these review of credit qualities by that committee and internal audit?