Susan O'Keeffe (Labour) | Oireachtas source

Mr. Dukes, if I may, you included in ADU-0002, it was the document, the letter that you wrote to Mr. Moran in 2011, where you talked about the decision to appoint another set of advisers - McKinsey. You said that was the Department's decision and one which has "retarded the bank's process and has added little value". You go on to say, "The McKinsey team, none of whom appear to have any real depth of experience of banking, seemed unaccountably to be unaware of the very elementary proposition that the risk function in a bank should be separated from the finance function."

What had happened here that these advisers had been put in and what happened to the original advisers, Bain and Co, that the bank had appointed?