Oireachtas Joint and Select Committees

Thursday, 28 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Michael D'ArcyMichael D'Arcy (Fine Gael) | Oireachtas source

Thank you, Chairman. You have answered some of this previously, Mr. Neary, but I suppose I just want to scope the ... the last portion of it. With particular reference to the final solution of a blanket guarantee and the reaching of that, what other options were considered? You had representatives from AIB who thought there was a four-bank guarantee in place; Bank of Ireland, who were at the same briefing, understood there was a six-bank guarantee in place. Could you offer your understanding in relation to how we got to that position of a six-bank guarantee?

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