Oireachtas Joint and Select Committees

Thursday, 11 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Liam O'Reilly:

Well, I think it ... that was a kind of a term used in the board itself, and we scratched our heads, "What does that mean?" You can't go down to, let's say, ploughing championships and start talking about these things, like you can with consumers. So I would have said that, and the way I interpreted it, was that we needed to start communicating directly with chairmen and chief executives of institutions, and the ultimate piece that emerged ... and remember I was saying this to the financial stability committee, and they then had to work out some sort of strategy, and the major strategy that arose out of that was that we meet the banks, the chief ... the big executives in banks in the forum that we had, and the first one took place at the end of 2004, so that we could communicate our concerns.

Comments

No comments

Log in or join to post a public comment.