Oireachtas Joint and Select Committees

Wednesday, 6 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Richie Boucher:

Decisions were taken to protect a franchise. I don't think they were taken to override it but now, our new structure is, is that risk, and it was pointed out in the Oliver Wyman document, pointed out in other documents, is we set a risk appetite statement so risk that constructed the group, the business model, is the boundary under which strategy is done.