Oireachtas Joint and Select Committees

Wednesday, 2 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Michael Walsh:

Sorry, no, the facts are, and if you look at the - I can't remember which of your core books it's actually in - but if you look at the response which, I think, is roughly speaking kind of 20 pages, I think the beginning of ... is it February 2005 ... there is a list of the appointments that have actually been made in, kind of, a very recent time period and it was across all facets of the society. There was credit risk ... I can't remember precisely what they were, but I think there is a list of four or five actual individuals who'd been appointed. And, that's why I go back to, you know, there's a real danger that everybody sort of says, you know, this was a one-person organisation. Now, within my statement I've actually given you an organisation diagram there and that actually identifies the different areas that are there, the different actual people involved, the size of the teams involved. I don't remember offhand what the size of the different teams are, but I mean the reality is there was a process of continuous recruitment. Now, what there wasn't was new appointments to the board and what there wasn't was a chief operating officer.

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