Oireachtas Joint and Select Committees

Thursday, 15 January 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

He was director up to 2007 until Hypo Real Estate bought DEPFA out. As Professor Honohan has acknowledged, the damage was done in the period leading up to 2007.

My point was about the relationship. For example, it has been reported extensively that DEPFA Bank - the German bank at that time - in 2001 lobbied the Government in terms of the Asset Covered Securities Act which was introduced in 2002.

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