Oireachtas Joint and Select Committees
Thursday, 11 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Brian Patterson:
I ... I don't recall the specific downgrade or, indeed, that ... that report, but I ... I guess it's part of the ... the overall level of concern that, as I've said earlier, was building inside ... inside the two organisations, about risks and about systemic risk in particular. The ... the problem in all of this is that there ... there wasn't sufficient alarm in either of the two organisations to impel better action.
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