Oireachtas Joint and Select Committees

Thursday, 25 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

The summary of that is: the guarantee had been put in place in September 2008, Governor. It was the biggest financial decision made, possibly in the history of the State to date at that time, and did the Central Bank have a role or did it see itself having a role in examining the performance of the guarantee and how it would roll out, having the political decision being made in September or sorry, the verbal decision after the decision?

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