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

Thank you. Mr. Purcell, I’m going to bring matters to a conclusion. I just have a couple of questions myself to ask and I just need to wrap up, and I’ll also be inviting yourself to make any closing comments or remarks that you might wish to make.

Mr. Purcell, this was, kind of, touched upon earlier. I just need to get a bit further clarification on it. What was the limit of the MD's authority to issue loans? What was the sum of money? What was the lending limit?

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