Oireachtas Joint and Select Committees

Wednesday, 17 December 2014

Committee of Inquiry into the Banking Crisis

Context Phase

2:10 am

Mr. Peter Nyberg:

Yes, they were within the institutions. Among the sanctions the committee considered or included, were matters relating to professional advancement, remuneration, etc. It is a subjective issue. Should somebody be sanctioned as a result of what he or she says or because of who he or she is? Every contrarian is not as spectacularly right as the contrarians in this case. In many instances, the contrarians are simply wrong. There is a fine line in practice, namely, which contrarians should one believe in the end.