Oireachtas Joint and Select Committees
Wednesday, 6 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Michael McGrath (Cork South Central, Fianna Fail)
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Okay. Can I take you to the group risk policy committee meeting of 17 April 2008? So it's at BOI - B2, Vol. 1, page 99.
So, at this meeting, Mr. Boucher, there was a proposal made that the limit would be increased by €100 million in respect of lending to the landbank book within business banking, ROI, and that was opposed by the head of group credit at the time, who declined to support the proposal, but it was voted through by majority decision at that meeting, and you were to be given the power of overseeing the distribution of that €100 million. Can you recall that meeting?