Oireachtas Joint and Select Committees

Tuesday, 10 March 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

In chapter 8 of Anglo RepublicMr. Carswell discusses the domestic standing group which is one of the agencies that is one of the terms of reference of this inquiry and he mentions its role in a national contingency plan. He also mentions a presentation that took place on 7 February 2008 at the Department of Finance at which he suggests legislation was drafted empowering the Minister for Finance to introduce guarantees for banks and to nationalise financial institutions. This is in February of 2008. Could Mr. Carswell expand upon what actually happened there and what he recorded or what he uncovered?

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