Oireachtas Joint and Select Committees
Wednesday, 27 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Susan O'Keeffe (Labour) | Oireachtas source
Okay. At that meeting, there's evidence given by Mr. Boucher over several pages, but he says "we [looked] at, from memory, ... a quantum of around ... €4 billion and we fed back to the regulator that we weren't comfortable, that wasn't an accurate picture of what was needed" and then he went on to say:
to be honest, I felt we should get out of the building ... "We can't support these people. [We] don't have enough information to enable us."
That figure of around €4 billion, if we go back then to the Vol. 2, the one ... page 45, the minute that we discussed earlier, that this institution could be €2 billion after capital. This meeting had taken place some weeks before this one so, again, there's obviously something going on, that lots of people are saying, "There are big problems here." This is what I can only conclude from reading these.
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