Oireachtas Joint and Select Committees

Wednesday, 2 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

Mr. Walsh, this is my wrap-up question to you and then I'll invite Senator O'Keeffe and Deputy Higgins to come in. Mr. Walsh, this inquiry, in preparing for its public hearings, gathered hundreds of thousands of documents. For today's hearings regarding INBS, documents from the Financial Regulator's office consistently and repetitively over many years expressed concerns regarding corporate governance, senior management resources, lending expertise appropriate to your business strategy, issues on regulatory reporting and control, lack of experience in the quality of internal auditor resources and so on and so forth. Having listened to your contribution today, is it your opinion here today that these documents are consistently and repetitively wrong?

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