Oireachtas Joint and Select Committees

Thursday, 3 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Sean BarrettSean Barrett (Independent) | Oireachtas source

Thank you. Nyberg, on page 101 of Vol. 2, Mr. Chairman, he shares some of Mr. Moran’s concerns here: “neither [the internal audit] nor the Audit Committee was in a position to challenge credit decisions per se, where the main problems [mainly] ultimately arose". So, would you agree with Nyberg on that point, that the internal audit was too weak?

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