Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

Can I go to maybe - just in relation to the risk - again the core booklets, Vol. 2? It's on page 45 and this is Project Harmony, the report in June 2007, and it notes:

The overall approach to risk assessment would not be described as highly developed given that the Group continues to rely heavily on the Managing Director, does not have sophisticated IT systems and operates across a limited range of products. This modus operandi would be described by the management as fit for purpose, particularly given the degree of Board oversight of the lending approval process.

End of quote from the Project Harmony report.