Oireachtas Joint and Select Committees

Thursday, 14 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Terence O'Rourke:

Yes, we were. AIB had extensive risk management processes, extensive internal reporting and I must say we were very happy with the adequacy and the comprehensive nature of the way that matters reported up the chain in AIB and the matter was being reported to the board. We never had a situation where we found things in our audit that hadn't been reported to the board. So, we were happy with the quality of information the AIB board had, yes.

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