Oireachtas Joint and Select Committees

Wednesday, 22 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. David Begg:

Essentially it involved auditing the internal bank systems for the ... well, a big part of it, for example, would have been the currency centre and the ... you know, there's a very sensitive area where we were printing money and printing notes and coins and so on. That would have been one part. The other part would have been managing the systems for the ECB, like the target system and the settlement systems that operate. It would have ranged across the range of systems that the bank operated and even down to things like the social clubs and social activities. All of that was ... there was an internal-----

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