Oireachtas Joint and Select Committees
Wednesday, 2 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
The reports ... not being aware. Let's be clear in what we're talking about here. A report was required to be provided to the board of directors on compliance with geographic concentration risk limits. This wasn't about being aware of something, it was about a physical report being distributed to board members that the chair should ... obviously to ensure that the board members were fully aware, as the Central Bank have said, about the risks in terms of concentration, geographic risks and so on in terms of the commercial loan portfolio. Was there reports provided to the board as required within its internal policies and procedures?
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