Oireachtas Joint and Select Committees

Thursday, 18 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

As these things do and in your direction order it raises concerns about uncontrolled withdrawal of credit and deposits. The question I have is, given that the imminent liquidation of IBRC began to seep out to certain parts of the public, did the Department of Finance ever investigate whether there was credit or deposits, approvals or withdrawals from IBRC that were probably questionable in the couple of weeks, not questionable as in dodgy but you know, in a couple of days before the liquidation of IBRC? This is something that was put down in a parliamentary question, after the liquidation of IBRC ... was not answered given ... so I am hoping that the banking inquiry can get to this point.

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