Oireachtas Joint and Select Committees

Thursday, 21 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. John Hurley:

Well, they were discussed, of course, at the Merrill Lynch presentation I referred to earlier. That was a fairly lengthy discussion about different options, and that's the one I remember mostly in ... in ... in ... in the period preceding the decisions. There would have been discussions at meetings with the Minister and meetings with the Department of Finance, that meeting on 18 September and subsequent meetings where these issues would have been teased out. There were meetings, I think, over the weekend. All of that would have been involved in trying to assess the position, assess the liquidity position and tease out various options, and then as we went over on the night of the guarantee on the 29th, a lot of that ground had been ploughed up, but it would have been discussed at the first plenary meeting and the options would've been ... would've been set out.

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