Oireachtas Joint and Select Committees

Wednesday, 10 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Cyril Roux:

I think the work had been done before I arrived, really. You know, so one of the first things that were done at the beginning of the decade was to impose fitness and probity standards. So there was no fitness and probity standards when Matthew Elderfield arrived and they were imposed at the end of 2011. There was a general review of boards. I think 26 members of boards of the main retail institutions resigned. So there was a lot of scrutiny and challenge and I think the boards now have been very different from what they were a few years ago.