Oireachtas Joint and Select Committees
Thursday, 28 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Patrick Neary:
Well, you see, the harm was done, at that stage, and ... the ... the ... I think, when we briefed the authority on the build-up of CFDs, the initial concern of the authority was that this should be ... this should be minimised. And the engagement with Anglo was to seek to bring that about - that Mr. Quinn would dispose of his CFDs - because we were worried about the ... the speculation against those positions and the share price, and then the effect on confidence in the bank. So-----
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