Oireachtas Joint and Select Committees
Wednesday, 27 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Tony Grimes:
Because in that particular part of the bank, our role was to monitor and interact with the Central Bank in terms of providing the liquidity to the individual banks. Now, we would obviously have seen that the levels of liquidity provided on behalf of the ECB was growing, okay, in the light of the wider liquidity crisis, affecting both Irish banks and the Eurosystem as a whole. So from ... towards the end of 2007 the level of support that banks were receiving from the ECB was growing.
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