Oireachtas Joint and Select Committees

Wednesday, 24 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

No, we've had many witnesses come in and say that there was no decision taken on any guarantee until, until a.m. on 30 September 2008. We here have a draft of a Government guarantee which came to you, that you received from David Doyle, the then general secretary of the Department of Finance, at 11 minutes past nine on the evening of the 29th.

The question I want to know is ... which is six months ... which is six hours prior to a guarantee being put in place, that we were told, up to now. When did you first become aware that discussions were taking place with the Central Bank in putting in place what you received as the draft?

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