Oireachtas Joint and Select Committees
Thursday, 14 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
Okay. The final question I want to raise is and I'll take you to BOI - Vol. 1, B2, page 99. I'll give a moment for that to come up. Just to put it in context again, it's an extract from a group risk policy committee meeting of 17 April 2008 and I understand you wouldn't have been at the meeting but I just want to raise the issue with you because the lending limits were clearly set out in respect of the landbank book, for example, which was very, very close to the limit and against the advice of the head of group credit, a decision was taken to increase the lending limit in respect of landbank by €100 million. Now, would that have been brought to the attention of the board, for example?
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