Oireachtas Joint and Select Committees
Thursday, 21 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Michael D'Arcy (Fine Gael) | Oireachtas source
I put the question to Mr. Trichet if he was aware that Anglo Irish Bank was virtually certain to default the next day and his answer was:
Again, it was not the responsibility of the ECB to survey the banks. We were relying of course upon the local authorities for surveillance [that was yourself, for surveillance] and on possible governments in case the drama would unfold. So no memory, no I would say responsibility in this domain.
Were you in contact with Mr. Trichet prior to the guarantee?
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