Oireachtas Joint and Select Committees

Thursday, 21 September 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Banking Sector in Ireland: Bank of Ireland

9:30 am

Mr. Pat Farrell:

All of those things are on our radar but we also have underwriting standards. We have policy and procedures in terms of how much credit we will extend. We have very strong underwriting criteria so they are all safeguards and mitigants against that particular risk. All of those risks are called out. Credit risk, operational risk, and business and strategic risk are all covered in our risk profile across the bank.

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