Oireachtas Joint and Select Committees

Thursday, 18 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Kevin Cardiff:

But there was that sense, and I said in my statement, I think, if I didn't edit it out, that that had implications later. And it did, it had implications for ... I mean it's a democracy, so the Cabinet needs to be informed. So, we always wanted the Cabinet informed and we were giving the Minister notes on a regular basis about what was happening, himself and his predecessor, so that he could brief the Cabinet informally as things developed. I'm not sure if he was doing that. I mean, he wouldn't come back ... you don't discuss ... the Minister doesn't discuss in detail what happened at the Cabinet meeting, so he doesn't come back and say ... but we were giving him notes and I'm not sure just on body language and things I've heard since, that, that they were hearing all those things at, at the time. And, I think it was a bit of a problem later when I think, you know, a couple of Ministers made statements that turned out to be regarded as not, not credible. I think it might have been a, a problem even then. I don't think there was anyone ... I don't think there was any malicious intent anywhere, I think the Minister was just trying to be careful about what he said in places where it might, it might spread. So, I think it did have a little bit of an implication for how business was done over the next few years, even down to the moment when we produced the, the memo for Government on the IMF bailout process, you know. I saw the Minister checking the figures, not because he wanted to hold anything back but because he was thinking, "Well, what can I expect to be in the public domain in the next few days?" That, you know, is this really confidential now or is it not? So, it had that implication, it's ... it, it was a pity. I mean, we're all for ... I worked on the Freedom of Information Act for years and, and I'm a great believer in it. There are moments when people have to have a little bit of space to discuss in confidence and I think this problem was ... I don't even know if it was real but that perception was a bit of a problem at times.

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