Oireachtas Joint and Select Committees

Thursday, 18 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Kevin Cardiff:

-----and I don't know for sure but, I presume, Mr. Grimes, the director general of the Central Bank, who was there, but I can't recall a specific comment from him and it's not in my notes, I have notes but it's not in my notes for that, would have been in favour of the guarantee without nationalisation. The Taoiseach was in favour of the guarantee without nationalisation. The attorney, in fairness to him, was the legal adviser so wasn't pressed, I suspect, for a market decision and the secretary to the Government, I don't remember him giving a view but it wouldn't really have been his role. I think Eugene McCague of Arthur Cox Solicitors was also there but, again, that wouldn't have been his role, to give a view.

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