Oireachtas Joint and Select Committees
Wednesday, 2 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Marc MacSharry (Fianna Fail) | Oireachtas source
No, I will just quote you that section again. "INBS [this is a portion of it] INBS ... the adequacy of controls and risk management in place in INBS for large commercial property loans and suggest that a significant degree of approval authority rests with a single individual [as opposed to a department or heads of credit, or whatever], Mr. Fingleton, who [it goes on to say] also appears to be the only source of information on some of these large clients." Do you think that degree of approval authority, as I've just outlined, is appropriate, or was appropriate?
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