Oireachtas Joint and Select Committees
Thursday, 21 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
John Paul Phelan (Carlow-Kilkenny, Fine Gael) | Oireachtas source
Okay. I want to turn now to specifically the night of the guarantee itself ... and we had evidence from Mr. Goggin again, the former CEO of Bank of Ireland, who was the CEO at the time. You’re on page 22 and 23 of the transcript of that particular meeting, where he said that after discussing with his colleagues from capital markets in the treasury side of Bank of Ireland, he then offered his opinion to Government on the night of the guarantee that dated subordinated debt be covered by the bank guarantee. Subsequent to that, Mr. Burrows, in evidence here, gave a different interpretation of events, stating that he recalls no discussion on subordinated liabilities having taken place, and Mr. Gleeson and Mr. Sheehy indicated that neither of them had sought on behalf of AIB to include subordinated liabilities. Firstly, I want to ask you for your recollection of those discussions, if you could, briefly, maybe?
No comments