Oireachtas Joint and Select Committees

Wednesday, 22 April 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Frank Daly:

Senator, I think we have to respect confidentiality. We have never indicated who or, indeed, what category of individuals would be involved in any debtor connections. There is a ... there is confidentiality in the NAMA Act. There is banking confidentiality, because when we took on the loans, we also took on the banking confidentiality restrictions around those. So I don't think it would be appropriate for us to confirm or not that there was anybody because if we begin to confirm it for any particular group or sector, then the next question is was there somebody in some other sector.

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