Oireachtas Joint and Select Committees
Thursday, 14 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Susan O'Keeffe (Labour) | Oireachtas source
Do you accept, Mr. Burrows, that this document indicates the very, very serious matters that were going on inside your own bank at that time, and that you were talking about stopping? You were talking about increasing deposits, you were talking about stopping - no, it is the last question - you were talking about stopping lending and so on, that everything that was laid out here would indicate a very serious situation in the bank, and I'm wondering whether then on the night of the conversation with Government, that you brought your own level of seriousness, the immediate actions that you were taking, you were running down all kinds of opportunities, you were running down your loan book and looking to dispose of mortgages and so on. Did you bring that level of concern to the table when you went in, given that you'd had this document pulled together for you?
No comments