Oireachtas Joint and Select Committees

Wednesday, 6 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Cormac McCarthy:

In principle, Deputy, yes. And in my opening statement, I've expressed my regret and my, you know, effectively how I feel about it. I have said that I'm sorry for what happened. But in principle I agree with you; I would say that it's not as simple as that, and I've no wish to get into semantics. It is a significant sum of money, but the RBS bailout and capital injection from the UK Government, Ulster Bank was not a factor in that when it happened in 2008.

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