Oireachtas Joint and Select Committees

Thursday, 21 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Joe HigginsJoe Higgins (Dublin West, Socialist Party) | Oireachtas source

Mr. Hurley, on Thursday, 20 March there was an Anglo Irish Bank board meeting by conference call. In chapter 10 of a book called Anglo Republicby a financial journalist, Simon Carswell, who appeared at this inquiry, he states: “Later that afternoon, Drumm [which is David Drumm, the chief executive officer of Anglo] placed a call to John Hurley and pleaded with him to release a statement on the health of the banking system to avoid a run on Anglo’s deposits." He continues, “Unusually, Hurley agreed to run past Drumm a draft statement the Central Bank was going to issue. The Anglo chief executive approved it and asked the Central Bank governor to release the statement as quickly as possible.” Did that happen?

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