Oireachtas Joint and Select Committees

Thursday, 7 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

When the guarantee was put in place, it subsequently ... in engagements that this inquiry have had, the issue has been brought to our attention that there may have been a funding cliff. One of the difficulties in the way that the guarantee was shaped, was that two years later there was going to be a funding cliff because the guarantee was going to run out. Did any of you do any forecasting in that regard as to where your banks would be when the guarantee expired?

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