Oireachtas Joint and Select Committees

Thursday, 2 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Sean BarrettSean Barrett (Independent) | Oireachtas source

You mentioned in that section 85, where you've a long description of what went wrong, I mean, which I find very comprehensive, but one of them is, "[There were] stunning failures of corporate governance ... in [the financial] institutions."

Were there proposals in your time for directors' codes of compliance and codes of corporate governance? Because there's some evidence in the report that the Department of Finance stopped those, which you now regard as "stunning", and I agree with what you said today about ... you know.

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