Oireachtas Joint and Select Committees

Thursday, 2 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Brian Cowen:

I wasn't lobbied personally about it. It may have been lobbied ... there may have been lobbies going into the Department about it, but what actually happened was that related to ... I'm just looking for some contracts ... that related to an issue that, yes, the Revenue were talking about doing something on this lines, and then the Stock Exchange ... it's the reply to a parliamentary question which sets all this out to Deputy Burton and someone else. But basically it sets out that there were representations from the Irish Stock Exchange and others who explained what the problem with that would be, and it was decided that those representations made sense. And we ... there was a review, I think, subsequently by the Revenue Commissioners, they withdrew it at the time and came up with some other solution subsequently.

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