Oireachtas Joint and Select Committees

Wednesday, 24 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Eoghan MurphyEoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source

Perhaps the Governor looking at what was happening with NAMA and speaking to the IMF was looking forward to September and what would happen in terms of a banking problem becoming a sovereign problem but Governor Honohan has written that he was quickly put in his place by Merrion Street officials when he conveyed this request or the suggestion from the IMF person in Ireland. Do you recall any conversation with Governor Honohan around the time in relation to a precautionary programme?

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