Oireachtas Joint and Select Committees

Thursday, 21 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. John Hurley:

We certainly at a particular stage ... and this was before I left for hospital ... at a particular stage we would have been anxious to see that there was legislation ready in case there was an institution that required to be nationalised. And I think this would have cropped up probably in the context of the domestic standing group but it was carried on then by the Department of Finance and preparations were made in the Department of Finance. So that issue did crop up at that particular time and, you know, there would have been an anxiousness, I think, in the Central Bank that preparations would be made just in case.

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