‘Human errors spark financial crises’

A man walked into a bank in Ireland during the Celtic Tiger and demanded €3m to set up a nightclub in Dublin, which he was granted with scarcely any background check, according to Robert Webb of Nottingham University, who is trying to figure out why this happened.

Dr Webb will be addressing a seminar in Trinity College Dublin on March 26 on the role played by individuals in the financial crisis.

As part of his research, Dr Webb has interviewed a number of senior bankers, some of whom were parachuted into Ireland to see what was happening here.