Oireachtas Joint and Select Committees

Wednesday, 17 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Eoghan MurphyEoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source

That's just the potential share run, though. That's almost a crisis point in itself. At the end of the first few months of the year, which had already seen a number of mini-crises and I listed them out, the different things that were happening. Banks weren't lending to Irish banks. Irish banks weren't each other. The Financial Regulator and the Governor were going to the banks asking them to lend to each other. And they were or were not ignoring them. So, why not take the opportunity then and it's come up briefly raised by my colleagues, why not step in then and make a resolution?

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