Oireachtas Joint and Select Committees

Thursday, 11 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Brian Patterson:

There ... I may ... I may have given the wrong impression here, Chairman, so forgive me if I did. There were discussions about sanctions. One particular bank, which I can't name, there were sanctions applied to them. There were discussions about the capital requirements, obviously, which is a form of sanction, so yes, there were discussions about sanction. I interpreted, I think it was Deputy Doherty's question, as to the extreme sanction and, I think, my answer was in relation to that; that there weren't, to my memory, discussions about the nuclear option or anything like that.

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