Oireachtas Joint and Select Committees
Thursday, 15 January 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source
I wish to touch on two quick points. First, I refer to the time of the night of the guarantee. On page 118 of his report, the Governor makes reference to this point when he stated:
While considerable effort was thus devoted to preparing for a liquidity crisis, this period was also noteworthy for the unravelling of the Quinn-Anglo CFD affair, which was not ultimately resolved in a satisfactory manner. This appears to have represented a major preoccupation for the Authority at a crucial time.
The Governor touched on the point earlier that he currently is getting a review on the insurance industry.
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