Oireachtas Joint and Select Committees

Wednesday, 24 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. William Beausang:

-----to maybe to answer the last, or to respond to the last point first. I mean, the reason why you wouldn't see a lot of that work was a huge amount of it - and it was very intense - was engagement with the Attorney General's office in the terms of the preparation of emergency legislation, or looking at ... for advice on a whole range of issues that would arise. For example, if ELA was provided for an institution, would it have to be disclosed into the market? You know, transparency requirements under the market's abuse directive. The Irish Takeover Panel's rules, how they might work in terms of a market interaction. But ... so all that information wouldn't ... all that paper trail, I suppose, you wouldn't have seen it because it's legally ... it's legally privileged, it's not available to the committee.

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