Oireachtas Joint and Select Committees

Thursday, 15 January 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of Kieran O'DonnellKieran 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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