Oireachtas Joint and Select Committees
Wednesday, 11 March 2015
Committee of Inquiry into the Banking Crisis
Context Phase
John Paul Phelan (Carlow-Kilkenny, Fine Gael) | Oireachtas source
We received the professor's statement today very late and my questions refer specifically to the letter, scenario 2, as outlined in respect of emergency liquidity assistance, ELA. Did he have any discussions with his predecessor as Governor of the Central Bank about the meeting that took place around the guarantee and whether that ELA was sought? He mentioned in the letter that it would have been a preferable course of action. Did he have any specific discussions about whether he or anybody else raised that matter?
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