Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I am concerned that the witness is trying to play this down as a technical issue. The bank failed to adhere to the code of principles that is set down in respect of lending to related parties not once or twice but on 18 occasions, which were extension of maturity for term loans of €5.5 million and €6.5 million and other variations to loan documentation that did not go through the committee they should have gone through. It was completely in breach of the Central Bank's rules. The bank was hit with a hefty fine for what the witness terms a technical breach. Does he not think it was a little more than a technical breach?