Oireachtas Joint and Select Committees

Thursday, 18 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. John Moran:

There's a couple of different questions in that. The timing of the deleveraging of the other banks was essentially part of the bailout programme. It was agreed, if I recall correctly, over three years and that was designed to repay the excess, sort of, ECB funding that was in the system and that was actually, I think, part of the original discussions we had.

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