Oireachtas Joint and Select Committees
Thursday, 14 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
In relation to the concerns you had in relation to going concern; you say that you got assurances from, I think, the general secretary of the Department of Finance in relation to additional recapitalisation above the €3.5 billion that was pledged. Can you outline to the committee what ... the nature of that assurance? Was it verbal? The quantity of that assurance - was it an unlimited amount of capital that they were pledging to the bank? And also can you again shed some light on a comment that you made where you said that the 2010 accounts, you weren't able to get the assurances at that time because a Minister was not available to give the assurance?
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