Oireachtas Joint and Select Committees

Wednesday, 17 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. David Doyle:

My understanding is from then on he was in close contact with the European Central Bank in relation to unfolding events. You had Lehman's etc., etc., etc., and that weekend, because of the unfolding pressures, there was an expectation on our part that something could come from the ECB in terms of an intervention. And we were anxious to know was there going to be some intervention coming and, as I recall, Mr. Hurley was in contact with the ECB to establish whether something was ... would be coming, but, as to what he was told by the European Central Bank-----

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