Oireachtas Joint and Select Committees

Thursday, 21 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. John Hurley:

I think I've answered this earlier. There was an evolution moving ... going ... taking place from the 17th-18th on through that period of time because of what was happening in the markets. The ... I chaired that meeting and I ... this was ... the broad guarantee was being discussed, as I said at the time, in other meetings. I had given my view in other meetings and I raised the issue in the board of the Central Bank to update the board about what was happening and what the thinking was at the time. And our thinking was evolving and I did mention ... I can't remember the precise words ... but the possibility that this now would have to be countenanced.

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