Oireachtas Joint and Select Committees

Wednesday, 24 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Kevin Cardiff:

Well, I think we were actively engaging with the Commission for at least two, and probably three, months beforehand. There was no ... this was seen coming from a long way. And you'll notice, for example, I think when the ELG guarantee expired finally, the Department did a report. I have it if you want it. At the break, I can give it to you. And that report outlines the regular views of the guarantee schemes over the whole period. So, every three or six months, there was a review. So, at the very moment that one review finished, you would be talking to them about the next review.

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