Oireachtas Joint and Select Committees

Wednesday, 27 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Ms Mary Burke:

-----based.

If I take broader issues, to the extent that we identified weaknesses in internal controls in this, I suspect a case could have been made under the capital requirements directive, that they failed to have internal controls adequate to manage their business. You would've had to make that case and pursue it through an administrative sanctions procedure. But ... it wasn't done but I suspect, theoretically, it could have been done.

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