Oireachtas Joint and Select Committees

Wednesday, 27 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Con Horan:

It wouldn't be clear to me what the intervention would have been at that stage that would have made a significant difference. You know, at that stage I think certainly liquidity was running short. I think it might have been better if the ECB or someone had announced measures in terms of providing additional liquidity to the system at that stage, as they did in 2011-'12. But it's not clear to me, when you put your question, what that measure would have been around March 2008.

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