Oireachtas Joint and Select Committees

Thursday, 30 April 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Susan O'KeeffeSusan O'Keeffe (Labour) | Oireachtas source

A court minute extract of 7 July 2008 in which you, Mr. Goggin, assured the court that you:



...keeps in regular contact with the Financial Regulator and expressed confidence that the Regulator has contingency plans in place (which would be likely to require the Group to play a part) should another entity appear likely to fail. In subsequent discussion, Mr Goggin confirmed that he could not envisage any circumstances where BoI's equity would be put at risk in helping to prevent the collapse of a competitor.
What were those contingency plans that you speak of with the regulator and where did they surface subsequent to that, if indeed they did?

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