Former Irish Nationwide Building Society (INBS) managing director Michael Fingleton has admitted he failed to read internal audit reports at the society and signed letters to the financial regulator without reading them.
A Central Bank inquiry into the lender’s €5.4 billion collapse is looking at whether the society’s credit committee failed to scrutinise large commercial loans in arrears, its exposure to specific customers, or highlighted risks.
The inquiry has established that INBS told…
