Oireachtas Joint and Select Committees

Wednesday, 27 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Ms Mary Burke:

Yes, I mean, at that point we had a regular committee or an internal committee chaired by the ... one of the deputy directors ... the deputy director general, actually, I think, there was only one, where we met with our people from the financial markets department on a regular basis, weekly at least, reviewing the liquidity. We would have been at that stage, I think, probably ringing each bank and talking to them a number of times during the course of the day as to what sort of access they had in the market, etc., and conscious that all banks ... we were trying to ensure they maximised their collateral for ECB purposes as well. So, it was very intensive monitoring of liquidity.

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