Oireachtas Joint and Select Committees
Wednesday, 27 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Tony Grimes:
Yes, to be clear, I think that we actually envisaged any direct actions would fall within the realm of the regulator. I mean, we felt it was actually outside our role but certainly we were aware of the fallout from anything that happened for the liquidity and for the stability of the system as a whole. So, it was more a sort of indirect concern than a direct concern and I think at that stage we felt that we, as a central bank, did not have any direct intervention mechanisms.
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