Oireachtas Joint and Select Committees

Wednesday, 27 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Con Horan:

I don't think I have the ... I don't think I've seen the letter in my pack. I may have missed it, but I don't think it's in my pack. But, I mean, I can maybe imagine who the institution, or one of two institutions that it would have been. I mean, clearly that would have been a concern about access to liquidity but that was not unique to one institution. I mean, the markets in March 2008 had gone very, very bad. There was severe shortages and concern at that stage right across the board. So, you know, I talked about the St. Patrick's Day massacre, that was a really difficult time, and markets were going extremely frightened at that point.

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