Oireachtas Joint and Select Committees

Wednesday, 24 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Susan O'KeeffeSusan O'Keeffe (Labour) | Oireachtas source

On page 14 of your statement, at point 18.7, you talk about the e-mail records showing that at 11 ... 21.11 on the night of the guarantee you:

... received a document intended to be a draft Government Press Release announcing the introduction of a guarantee for the domestic banks ... It appears to have been authored earlier in the evening in the Central Bank in advance of the commencement of the meeting in Government Buildings.

And you talk about how you went on to work on it. I'm wondering why there existed such a draft for the announcement of a guarantee when it was still quite early in the evening and no decision had been taken? How did that happen?

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