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

Ciarán Lynch: If you wish to explore that, I will indulge an extra bit of time in that. With regard to the sum, it's a different matter.

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

Ciarán Lynch: Okay, a short supplementary, Deputy.

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

Ciarán Lynch: I'll be bringing you back in at the end again, Deputy.

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

Ciarán Lynch: Thank you. I'll be bringing you back in again, Deputy Higgins. I just want to clear up one or two items now that the leads are finished before I bring in the other questioners, Mr. Walsh. And one relates to ... on 7 September 2008, Mr. Purcell and two of his colleagues attended a meeting at the Central Bank on behalf of INBS together with representatives from AIB and Bank of Ireland. Mr....

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

Ciarán Lynch: Okay. And who was actually at the meeting that you can recall if they were representing-----

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

Ciarán Lynch: -----INBS and the other banks?

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

Ciarán Lynch: Yes.

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

Ciarán Lynch: Yes.

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

Ciarán Lynch: Okay. Who requested the meeting, do you know?

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

Ciarán Lynch: So your understanding of the purpose of the meeting was what, Mr. Walsh?

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

Ciarán Lynch: And was there any decision or recommendation as a result of that meeting that you're aware of?

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

Ciarán Lynch: Of 7 September meeting?

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

Ciarán Lynch: What type of solution?

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

Ciarán Lynch: What type of solution?

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

Ciarán Lynch: And in that regard, to your knowledge, was any decision or agreement made?

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

Ciarán Lynch: Mr. Walsh, was Mr. Fingleton a domineering person and did he dominate the board?

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

Ciarán Lynch: Sure. And every organisation and structure probably has strong personalities in it but what ... could I maybe put the question to you, Mr. Walsh, did you or any other board members take any steps to, kind of, balance that type of energy that was inside in the room or to counterbalance any level of domination that an individual may have had inside there?

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

Ciarán Lynch: Okay.

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

Ciarán Lynch: You mentioned earlier that the Financial Regulator had issues and you can discuss ... touched upon with regard to the board's composition. And I think you offered an opinion on that already. Am I correct in that there were five members of the board?

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

Ciarán Lynch: And two of whom were employees.

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