Oireachtas Joint and Select Committees

Wednesday, 27 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

Okay. I'm just going to move on. In your statement, its in your opening statement there, it's in the very last line of it actually or the last paragraph of it, Mr. Horan. You say that "Audits and other forms of analysis undertaken failed to identify the looming issues that emerged in 2008 and 2009." And just giving our earlier conversation, can you explain why you think this was the case?

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