Oireachtas Joint and Select Committees
Wednesday, 27 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Ms Mary Burke:
I can't speak for 2004, that was before my time. In terms of the 2007 inspection, yes issues were identified. I have already explained why we didn't take administrative sanctions procedures. I can't tell you whether, you know, that would have resulted in the outcome. It is clearly the view of, and I presume this is Mr. Nyberg's report, that it is a possible outcome. I'll accept it as a possible outcome. There are other possible outcomes. I mean if things had been different, Deputy, things would have been different but I can't tell you precisely in terms of a systemic failure, which particular levers, if we pulled them differently or did things differently, would have resulted in a fundamentally different outcome.
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