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

And then, Mr. Hurley, on Thursday, 25 September, there's an extensive minute of the board meeting of the Central Bank, it's page 33 of Vol. 3, core. I won't quote them because they're too extensive but what we have is an extensive outlining essentially of the bank guarantee that came to pass the following week ... and one sentence says: "A senior management member of the CB advised the meeting that an explicit Guarantee from the State for over €400 bln liabilities of the domestic banks and societies was 'not something that the management member would have favoured up to now', but in the evolving situation, it required serious consideration." Was that senior management member yourself?

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