Oireachtas Joint and Select Committees
Wednesday, 29 April 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Eugene Sheehy:
Yes, I've explained a few times. It was a liquidity guarantee we were looking for. Deposits is what we were guaranteeing. I referred to the fact that clarity was so important to the markets. It didn't work in the US because of muddled communication. We wanted a guarantee of the deposits of the bank. That's all. Anything else that was added to it wasn't on the agenda, never came up that night until towards the end of it. It was our view that is wasn't adding anything-----
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