Oireachtas Joint and Select Committees
Wednesday, 2 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Joe Higgins (Dublin West, Socialist Party) | Oireachtas source
Mr. Walsh, just on the subject of demutualisation, and that was one of the key reasons why you were brought onto the board, and Nyberg says that the drive to demutualisation was a very important factor in the years that you were there. In your opinion, did the desire of management to maximise the value of Irish Nationwide for demutualisation result in the adoption of poor lending practices and increase the level of risk in the loan portfolio?
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