Oireachtas Joint and Select Committees

Thursday, 21 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. John Hurley:

They were obviously very, very worried about the trends. I mean, the trends in liquidity had been .... had been very difficult for Anglo Irish Bank over that period. Also, they were running out of eligible collateral, ECB collateral, and the emergency liquidity assistance we had given was on ineligible collateral with the ECB, so, clearly, they were under very significant pressure.

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