Oireachtas Joint and Select Committees

Wednesday, 17 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. David Doyle:

To the best of my knowledge, and I think if you look at their document ... where they're dealing with the nationalisation ... recommendation ... if somebody tells me where that is ... their document, anyway, says that if you were to nationalise, you would also guarantee the depositors and the ... and the dated subordinated debt in that institution. So it came up in that context, and Kevin's recollection there, to the best of my knowledge is, is accurate. I did see some documentation, separately ... in relation to, to that question and ... I ... I don't ... I haven't seen any documentation produced by the committee but it's a minute after the event of the guarantee from the NTMA to Kevin and William Beausang. And it ... it said ... and I think this might have been written in the context of presenting a case to the European Commission as to why ... may I read that out, Chairman?

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