Oireachtas Joint and Select Committees

Wednesday, 17 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. David Doyle:

I can't honestly answer that. But all I know is that when the ideas were articulated and before they were approved by Government, the arrangements with the ECB to stand behind it were put in place. That's my understanding, you know, if you asked me to swear on it, I am 99% certain that there was advanced clearance by the ECB for the concept.

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