Oireachtas Joint and Select Committees

Thursday, 28 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

Okay. Richie Boucher told the committee ... he said in his statement ... he goes, ''I recall being shocked and shaken by the lack of information available to the executives of INBS and the Central Bank of Ireland on the liquidity position of INBS." He went on to say:

at some stage I said to my colleague, "We should leave this meeting". We said, "We can't carry on this discussion".

How can it be, given you were getting daily reports on liquidity, that Richie Boucher was shocked and shaken by the lack of information that the Central Bank had on the liquidity position of Nationwide?

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