Oireachtas Joint and Select Committees

Thursday, 28 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Patrick Neary:

The crisis subgroup was a kind of a subsidiary of the financial stability committee and its job was to carry out things like the crisis simulation exercise and also to assist in making preparations for emergency liquidity and things like that. I, certainly, was involved in a crisis simulation exercise and various people ... members of staff were involved in the day-to-day work of the CSE. It was a kind of a co-ordinating committee but its main function, as I recall, was in relation to crisis simulation and stuff like that.

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