Former INBS credit administrator denies blame over loans reporting

Inquiry is looking at whether credit committee failed to adhere to internal policies

The inquiry resumes next week with former INBS chief executive Michael Fingleton’s former secretary  appearing.

The inquiry resumes next week with former INBS chief executive Michael Fingleton’s former secretary appearing.

The failure to put some problem loans before a committee set up to deal with the issue was a failing of Irish Nationwide Building Society (INBS), its former credit administrator Frank Casey has conceded.

Under cross-examination at the Central Bank’s inquiry into the building society’s failure on Friday, however, Mr Casey denied being to blame for the failure to alert the committee to every bad loan on the bank’s books.

Please subscribe or sign in to continue reading.
only €1 first month

Insightful opinion is just a away.