Oireachtas Joint and Select Committees

Wednesday, 17 December 2014

Committee of Inquiry into the Banking Crisis

Context Phase

1:55 am

Chairman:

On that matter and before I move to the next questioner, Deputy Phelan was indicating whether this was a cultural influence as much as a procedural issue with auditors where they were operating in a culture at the time and their auditing was a reflection of the banking culture in regard to regulations, supervisory and how the Central Bank operated.