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Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Ciarán Lynch: Thank you very much, Deputy. Deputy Joe Higgins. Deputy, ten minutes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Ciarán Lynch: Mr. Fingleton, I'll just allow a bit of time for response as well as it was a long question. Mr. Fingleton.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Ciarán Lynch: You've to wrap up now Deputy.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Ciarán Lynch: Thank you very much. Deputy Eoghan Murphy. Deputy, ten minutes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Ciarán Lynch: Go on.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Ciarán Lynch: Final supplementary now, Deputy.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Ciarán Lynch: Okay, thank you very much. Now we're moving on to Senator Sean Barrett. Senator, ten minutes please.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Ciarán Lynch: On page 43, Senator, yes?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Ciarán Lynch: Please formally relay it to Mr. Fingleton, there, Senator.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Ciarán Lynch: Vol. 1.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Ciarán Lynch: End of page-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Ciarán Lynch: Just be careful of pre-judgment now, Senator, and a question please.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Ciarán Lynch: Thank you very much, Senator. I'm now going to wrap up with a couple of matters - just a tidy-up on it - and seek further clarification on some earlier questions, and then after which I'll invite the two lead questioners this morning, Mr. Fingleton - Deputy Doherty and Deputy O'Donnell - to conclude before we break. Can I just get clarification on one point, Mr. Fingleton, and it's in...

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Ciarán Lynch: Yes. Just to get, it was a medium rating, yes?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Ciarán Lynch: Okay. All right. Thank you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Ciarán Lynch: Okay. On the .... another matter ... it's just the ... following ... there'll be two documents coming up on the screen there relating to the credit committee's operational review. The first one relates to December '08. Following the delegation of authority of the credit committee in December 2007, internal audits carried out by two reviews of the operation of the credit committee: one in...

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Ciarán Lynch: Mr. Fingleton, as chief executive of INBS over a period of 37 years, you had ultimate executive responsibility for the operations and businesses of the society during this period. However, from your evidence here today, you would appear to have excused yourself from many of the key credit decisions during that time. You also dispute the ... many of the findings made in several reports...

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Ciarán Lynch: I can. Can you-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Ciarán Lynch: As we come to the end of today's proceedings and-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Ciarán Lynch: I said that you-----

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