Oireachtas Joint and Select Committees

Thursday, 28 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Patrick Neary:

The ... the position of the authority in relation to that was ... first of all, the ... the system was grounded in that trust and I ... you know, that, I accept that, that's what I said. Overlaid on that was the fitness and probity regime whereby an assessment was made of directors for their competence and also an adjudication made on their suitability for the job. And I think that went to the ... that went to the core of this trust, that you had competent, experienced people appointed to the boards and people were trustworthy.

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