Oireachtas Joint and Select Committees

Thursday, 21 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

Mr. Hurley, from the evidence before me, and I am led to believe that this evidence, a copy of this document, has been submitted to you and your legal team in electronic format, it appears that in the first quarter of 2008 there was an individual institution that had no access to ECB monetary operations, had not been accessing the wholesale markets for funding in recent months and was relying on retail and corporate deposit initiatives for liquidity.

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