Yvonne Madden

5 results

The inquiry heard that Michael Fingleton personally approved all profit-share loans. File photograph: Alan Betson/The Irish Times

Irish Nationwide Building Society (INBS) had no policy for managing billions of euros in high-risk profit-share loans to property developers despite c(...)

The inquiry heard last week that INBS had €6 billion of commercial property loans tied to profit-share agreements by 2008.

The increased reliance of Irish Nationwide Building Society (INBS) on lending to property developers through profit-share agreements during the boom e(...)

Former INBS managing director Michael Fingleton, who is representing himself at the inquiry. Photograph: Alan Betson

Michael Fingleton, the former managing director of Irish Nationwide Building Society (INBS), sought to establish at a Central Bank inquiry on Thursday(...)

Regulators had been sufficiently concerned about controls in INBS in late 2003 to increase the minimum level of capital held to 10 per cent of risk-weighted assets, the inquiry heard.

Central Bank teams overseeing lenders were so stretched before the financial crisis that much of their work involved “reactive supervision” rather tha(...)

The inquiry is seeking to establish if Michael Fingleton, the former chief executive of INBS, and three other former managers were involved in seven so-called contraventions at INBS between August 2004 and September 2008. Photograph: Aidan Crawley/Bloomberg

An inquiry into alleged regulatory breaches at Irish Nationwide Building Society (INBS) has been postponed until Wednesday due to one of the key parti(...)