Oireachtas Joint and Select Committees
Thursday, 11 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Liam O'Reilly:
Well, as I say, we were operating a principles-based approach which had then attached to it a certain staff complement and we felt that that leverage, which wasn't alone the non-executive directors, remember, it was that the non-executive directors, who were ... the chairman of the audit committee, for instance, had to, at every meeting of that meeting, meet the internal auditor without any other management being there and we were using these resources in our system. Is it enough? Not any more.
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