Oireachtas Joint and Select Committees

Thursday, 21 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Thank you very much, Chairman. Mr. Hurley, Senator O'Keeffe asked you there about worst case contingency scenarios of a systemic bank failure and you responded in detail. Can I just follow up by asking, in your assessment would the evidential base for the Government decision on the guarantee have been strengthened if such a contingency assessment had been done?

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