Oireachtas Joint and Select Committees
Wednesday, 24 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. William Beausang:
I think going back ... and I wouldn't know the exact timeframe, Deputy, there was always an appreciation, acknowledgment, and I might have heard it articulated by the Governor of the Central Bank, that if one of the smaller institutions got into difficulty that, as would often be the case, and then trying to facilitate a market solution, that the bigger institutions would be asked to step up to the plate and try to resolve that difficulty. So in terms of the specific evidence that you refer to, I don't have a clear recollection of being ... certainly, it doesn't sound strange or unusual to me as being what was on the Department's mind at the time in responding to concerns about INBS, which were obviously pronounced at the time.
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