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

Okay. Can I ask you, because you've said it may be a financial stability issue, how could a financial institution that doesn't have access to ECB monetary financing, doesn't have access to the wholesale markets, and hadn't for a number of months, and were solely relying on deposits, not be a financial stability issue?

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