Oireachtas Joint and Select Committees
Wednesday, 6 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Cormac McCarthy:
Well, as I said earlier, we had to increase and get permission to increase the intergroup line that we had from RBS by a number of billions. So we had to get support from Royal Bank of Scotland and collaterally from the Financial Services Authority who would have had to approve that intergroup line. And that was forthcoming, so RBS were, you know as good as their word and stood up to it.
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