Oireachtas Joint and Select Committees
Wednesday, 17 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. David Doyle:
Well currently, well, like the way I would read that it's a liquidity report. It's not a capital report. ILP is "currently 0.5 billion short due to net outflows of 1.1 billion". Anglo "currently 1.6 billion short."' That seems to me to be an update on liquidity. If you recall on the night, the Central Bank and the regulator advised the meeting that Anglo were short something like €2 billion potentially the next morning. They would be going into the red. And if that wasn't addressed, that would have had the most dire consequences. So that's not a €2 billion deficit in insolvency as far as I read that.
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