Oireachtas Joint and Select Committees

Wednesday, 29 April 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. David Duffy:

Well they were ... that's what we were provided with in place of assets and they became collateral which we could use with the ECB for liquidity. So it wasn't that complex. They were just a qualifying asset for which we could have access to liquidity.

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