Oireachtas Joint and Select Committees

Thursday, 21 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. John Hurley:

We became involved, I think it was throughout 2008, because as the liquidity crisis was happening then at the time there was a need for increased drawdown of ECB funding, and we would have had an interest in ensuring that the individual banks prepared well their collateral for that purpose. The preparing of collateral for ECB funding is not a simple task. There are very very strict rules and we-----

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