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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.

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

Ciarán Lynch: Two of whom were employees, yes?

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

Ciarán Lynch: Did you ... were you satisfied with that number or did you ever try to change that or suggest that it would be changed?

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: Just finally, before I bring in Senator MacSharry there, just with regard to the overall lending strategy and this was an item I raised with Mr. Fingleton this morning, in particular, did anybody on the board ever challenge the practice of taking equity stakes in developments in exchange for 100% funding?

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: What was your own view?

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