Oireachtas Joint and Select Committees

Wednesday, 2 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. John Stanley Purcell:

Well, in relation to having the credit committee approve loans, I think it was appropriate because the board would still be notified of the loans, we would still review them ... especially, you know, for a long while after we would look at them. It was also at a time where lending was decreasing and we were moving towards, maybe, a practice that was more normal with other banks.

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