Oireachtas Joint and Select Committees
Thursday, 11 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Liam O'Reilly:
I suppose, you know, just to answer the question. Banks are very proud of their own risk management systems and they don't like to be criticised. And when we find fault, they sometimes push back. And we push back. Now, I think that ... that's ... that was the principles-based approach. I think that the system now is "I don't care what you say, do it."
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