Oireachtas Joint and Select Committees
Wednesday, 2 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Ciarán Lynch (Cork South Central, Labour) | Oireachtas source
Mr. Fingleton, as chief executive of INBS over a period of 37 years, you had ultimate executive responsibility for the operations and businesses of the society during this period. However, from your evidence here today, you would appear to have excused yourself from many of the key credit decisions during that time. You also dispute the ... many of the findings made in several reports produced by a number of independent parties, such as Deloitte Touche, KPMG, the Financial Regulator and on the governance of the society, and have suggested that there were no real problems with INBS. Could you please explain to the committee as we come to our conclusions today of the session why you believe INBS has ended up costing the Irish taxpayer €5.4 billion and what responsibility you personally bear for this?
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