Oireachtas Joint and Select Committees
Wednesday, 6 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Richie Boucher:
I think if I can just give a context. Mr. Goggin came in I think towards the end of the meeting. He said that he was ... himself and some senior bankers ... were attending a meeting in Government Buildings. He said that one of the items which would be ... discussion was some form of a guarantee. But the meeting, to my recollection, kind of broke up ... as I said earlier these were quite informal, we were just gathering together, updating each other on what was happening. It wasn't a decision-making forum. But I have no recollection of a guarantee. I think that's subsequently corroborated by the fact that one of the businesses for which I was responsible, licensed subsidiary ICS, had been omitted from the list of guaranteed institutions and that was causing some problems for customers in ICS and we had to engage with the authorities in the following week to try and get ICS included.
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