Oireachtas Joint and Select Committees

Wednesday, 17 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. David Doyle:

There were drafts of legislation that had been prepared by the Department with the agreement of the Minister, with the input from the Attorney General, not physically in that building but they were in the Department of Finance across the square. There was a team ready on the night to finalise a Bill for nationalisation of ... there would be different versions, for a bank, a building society, and there was stand-by arrangements for a bank guarantee also. So that legislation was on stock waiting for political direction.

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