Oireachtas Joint and Select Committees

Wednesday, 17 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. David Doyle:

There weren't ... open reporting to the management group. The reality is that the work that this group was doing at the time was regarded as ultra sensitive. The manager group was quite a large group and, while everyone trusts everyone else, I think, as a former Minister said to me once, "If you know something and tell somebody else something, the number of people that know it is not one plus one equals two, it is one plus one equals 111." So it was regarded as ultra sensitive that ... the fact that legislation was being prepared to take fundamental action. So ... but I would've been briefed by Mr. Cardiff as he saw fit.

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