Oireachtas Joint and Select Committees
Thursday, 10 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Eoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source
Okay. Thank you. And to my final questions in relation to the Wright report and the Honohan report. Both reports were negative in different ways about the Department of Finance, and alluded to a particular type of culture or a lack of rigour in certain areas. Are you worried about the Department slipping back from some of the new practices that have been introduced? I ask this in the context of the evidence from Mr. Aynsley, not talking about anything specific in relation to the IBRC, but just some of the comments that were made about the lack of expertise in the Department regarding bank board composition, a lack of banking expertise in the Department of Finance:
The authorities are stuck in their old ways. They do not recognise or understand conflicts of interest.
And he was quoting his own CFO in that last comment. When you heard those comments, or when you read about them, did it worry you about what might be happening in the Department or what might have changed after the Wright report was recommended and implemented?
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