Oireachtas Joint and Select Committees

Wednesday, 27 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Tony Grimes:

Yes, of course. Sure. I mean, at one stage the liquidity extended to Irish banks was only a share of the total liquidity that the Central Bank extended to, you know ... to the system here. Often the share would've been 20% to 25% of the total, reflecting the importance of the foreign banks operating here who would use, yes, the Central Bank here as the source of their liquidity.

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