Oireachtas Joint and Select Committees

Wednesday, 24 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Joe HigginsJoe Higgins (Dublin West, Socialist Party) | Oireachtas source

The Central Bank is not allowed to make any emergency liquidity assistance to an institution that is insolvent right. So therefore on the night of the guarantee, it would have been absolutely vital for an institution's interest that it was not insolvent if it was to benefit from, would that be fair? I am making a statement but it is a question.

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