Oireachtas Joint and Select Committees

Wednesday, 27 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Con Horan:

There were concerns that the measures would create instability in the market. But the reality was we decided to hold our ground on that and we went ahead and I believe the Governor gave his support to those measures at that time. So, there was concerns at official level ... at senior official level but in the end when the measures ... it took a number of meetings to get the measures through and in the intervening period, the Governor supported the measures.

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