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

Okay, thank you very much, Deputy. I now move to the wrap-up. Just before I do, Governor, I just want to touch upon one question with you and that relates to the issue of foreign deposits repaid through the guarantee and you might be able to touch on this for us. Do you know if the Central Bank tried to analyse the amount of foreign deposits, in particular from French and German creditors, that were on hold with Anglo at the time of the guarantee decision and, in that regard, do you think that knowledge of this number, if it had been to hand - and you can tell us now if it was or not - whether that would have been an advantage in the negotiations with the ECB or IMF over the coming months, following the guarantee and the pre-bailout period?

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