Oireachtas Joint and Select Committees
Thursday, 11 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Liam O'Reilly:
Well, let's put it this way: what I'm saying is the system was there, we operated a system, we didn't have the sense of danger that was required at the time. So, as a result of the fact that we didn't have a sense of danger, we didn't, at the time, recognise that there needed to be a change in the system.
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