Oireachtas Joint and Select Committees
Thursday, 28 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Patrick Neary:
Yes, what happened was the Governor attended a conference of central bank ... a global conference of central bank governors, and as I understand it ... I understand this anecdotally from chatting to the Governor that the Governor of the Bank of England had mentioned to him that they were trying to organise some sort of a pool, a liquidity pool amongst the banks in London, to be ... to have a pool of liquidity available in case any of the smaller institutions required liquidity and that they could have a market solution to the liquidity problems. And the Governor thought this was worth pursuing here.
No comments