Oireachtas Joint and Select Committees

Wednesday, 18 February 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Dr. Donal Donovan:

Fair enough. The actual basis for what is said here does come from statements from an individual but I will not mention the individual.

It seems, from the evidence, there was some resistance to this and in the end, it required a ministerial directive which is provided for under the arrangements regarding the NTMA for this deposit to be continued. That, in brief, was what happened, but there were some twists and turns along the road which are described in part of our book.

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