Oireachtas Joint and Select Committees
Thursday, 2 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
Can I ask the original question that I asked again, given the conversation we're just after having and given the fact that you introduced this legislation that allowed the banks to access wholesale funding through this measure in 2007, do you believe that your policy and your legislation you introduced in 2007, increased the ... allowed the banks to increase their dependency on wholesale funding, given that we know that Anglo Irish Bank and a number of other banks used this instrument in the preceding months after the legislation became law?
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