Sunday 22 January 2017

Okay, so ex-AIB chief is sorry - but there was blood in the water during his watch

Published 30/04/2015 | 02:30

'Salary is a subject which continues to make bankers defensive'
'Salary is a subject which continues to make bankers defensive'

'I am a nice shark, not a mindless eating machine. If I am to change this image I must first change myself." That's the friendly shark pledge in the children's film 'Finding Nemo'. It came back to me as Eugene Sheehy sat in front of the Banking Inquiry yesterday.

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As one of the faces of peak-lending banking - bankers are sensitive about the word 'reckless' - he is extremely presentable. He struck the right note between accepting blame for his mistakes but not the entire sector's. His performance was credible, not least because he didn't have a Champagne-and-caviar persona during the boom, although he did hit the high numbers towards the end of his lengthy service with AIB.

Which still leaves the problem of what a rapacious sea Mr Sheehy swam in and what carnage was left in his wake.

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