Oireachtas Joint and Select Committees
Thursday, 7 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Ciarán 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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