Oireachtas Joint and Select Committees

Thursday, 28 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Patrick Neary:

No, I wouldn't. Our ... both the chairman and myself were very careful to express our concerns, but I mean I ... I didn't ... wouldn't have considered that, you know. we'd be volunteering advice unless we were asked for it. And we ... we ... we ... were asked a view about the scenarios I described and we did indicate that the ... the guarantee of all the institutions was less risky in our view than the one involving the nationalisation and the guarantee because of the risk it might be misinterpreted by the market the following morning.

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