Peter Nyberg at the banking inquiry
[FG senator] Michael D’Arcy: “In the scale of misjudging risk internationally, how bad was the Irish banking sector’s misjudging risk?”
[Finnish Finance expert] Peter Nyberg: “The Irish institutions were pretty good at misjudging risk.” [laughs uncontrollably]
Ouch.
From last night’s RTÉ’s Six One and Nine News,
Watch here from 9.20 to 9.45.
Previously: And So It Begins…
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My interpretation –
[FG senator] Michael D’Arcy: “In the scale of misjudging risk internationally, how bad was the Irish banking sector’s misjudging risk?”
Was there any other country whose banks were as reckless as ours?
[Finnish Finance expert] Peter Nyberg: “The Irish institutions were pretty good at misjudging risk.” [laughs uncontrollably]
Eh, that’d be a NO!. Ye were pretty much the worst. hahahahahahaha. Fupping muppets. hahahahah
Heh. Experts laughing uncontrollably at us. We’re gas.
laughs uncontrollably?
slight chuckle, more like it.
Still, though, point stands.
That laugh has guaranteed a slot on Reeling in the Years 2014.
Em… as were the German and French banks that gave them the money to play with.
Except they got their money all back- so that would be mean, no, they weren’t as bad.
Of course he thinks its funny, hes laughing in disbelief that we havent arrested and charged the guilty suspects. Instead we give them big pensions and a pat on the back for a job well done
Every Big 4 grey suit I’ve ever met over complicate the definition of Risk, and the applications of Risk Management procedures.
Maybe its a billable hour thing
Risk BTW =
If it has the potential to cost money in the future, it is a risk that must be taken into account.
Outcome of inquiry : DBS graduates are a major risk of any Compliance Department.
Yep
That’s about right
If this was Reddit, (and let’s be honest, most of it is Reddit+1day), I’d give it a +1.
But hey, it’s BS.
Always BS.