Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Where he says, for example, the MD "had been given extraordinary powers by the board [...] many staff reported directly to him." He refers to when the board formally delegated powers "for the practical, effective and efficient management, promotion and development of the bank to the MD", that it was very unusual that that would be done "given its vague and general formulation [...] not immediately apparent what the limits to this empowerment were." He makes a number of criticisms about the credit committee, the lack of a risk committee, the membership of the credit committee, for example, and a whole series of areas.