Oireachtas Joint and Select Committees

Thursday, 3 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Matt Moran:

Yes, thank you. What I think it’s fair to say, Senator, is that the review of lending and lending risk rested with risk management rather than with internal audit. And I think that would be normally perceived as good practice, as long as you have internal audit that subsequently reviews that, so the lines of defence, you might have heard that terminology.

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