Oireachtas Joint and Select Committees

Wednesday, 10 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Tom O'Connell:

The convention was that staff members in the bank don't speak at the board, you know, the secretary certainly doesn't, who would be the deputy director general. The director general tended to keep a low profile too, so it was sort of left to the board ... it was deference, let's put it like that, to the board members, you know. So, for a staff member to be leading the agenda while evidently we presented the data and so on and the implicit problems, it was there for the board to tease it out and to come to a conclusion and he was in a minority of one or two, you know.

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