Oireachtas Joint and Select Committees

Thursday, 18 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. John Moran:

I don't know the answer to your question, I certainly don't remember the answer anyway even if I did know it at the time. If I have a way of finding out, I will try and figure out the answer. This I think was written, a standard text, to a certain extent, because I think if you had been a depositor with IBRC or if I had been, and you had thought that there was a liquidation you would have actually, even if the board was still in power, you would probably have withdrawn your money and we did not want a run on any bank. This is more precautionary than anything else. Your question which is, did it actually happen is a factual one, I would have thought somebody can check that up and I can't answer the question.

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