Oireachtas Joint and Select Committees

Wednesday, 2 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

Okay. Can I ask you in relation to the Central Bank's findings? This is in relation to your role on the board. It talked about, under its own internal policies ... and it's reviewed 110,000 documents here ... it's not ... it's an intensive investigation and I presume it's based on evidence on looking at the documents. It says, "Under its own internal policies and procedures, INBS was required to provide certain reports relating to commercial lending and credit risk management to its Board of Directors." It goes on to say, "INBS has admitted to [...] internal systemic failure[s]." I want to go through some of these. Reports on exceptions to commercial lending policies, it says that such reports would have given the board an insight into an overview of the extent of commercial lending, which was outside the scope of the lending policy. Did you get those reports between December 2005 and September 2008?

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